Revolut overview

Revolut is intent on transforming traditional banking. Their digital banking platform is an all-in-one app that lets users transfer, exchange, save and spend money with a multi-currency card that is accepted everywhere. Users are able to spend abroad in over 130 countries and make money transfers to over 120 countries, all at the real exchange rate. The company has over 13m customers and a valuation of $5.5bn.

Revoluts services include prepaid debit card (MasterCard or Visa), fee free currency exchange, commission free stock trading, cryptocurrency exchange and peer-to-peer payments. Along with its standard offering, Revolut has announced some additional features in business accounts, analytics, loans, loyalty offers, mobile phone insurance, a bill-splitting feature, a "Premium" subscription option and an AI chatbot.

In December 2018, Revolut secured a specialised bank licence from European Central Bank, facilitated by the Bank of Lithuania.

In October 2019 it was announced that the company was planning to hire around 3,500 additional staff as it scales in 24 new markets, owing to a new global deal with Visa. That same month the company launched in Singapore.

Revolut was valued at $5.5bn in February 2020 after it raised $500m in funding and announced its intentions to move into the US later that year. Revolut has received backing from some of Europe's top investors, including Index Ventures, Balderton Capital and Ribbit Capital.

In March 2020 Revolut launched its neobank service in the US, enabling any US citizen to oven an account and get a Revolut debit card using just their phone. It partnered with Metropolitan Commercial Bank for the US banking infrastructure. Bruce Wallace, a former chief operations officer at Silicon Valley Bank, has been appointed chair of the U.S. board, and Ronald Oliveira, most recently President of AvidBank, is the US CEO.

In August 2020 Revolut made one of its biggest moves in insurance to date. The company launched a job advert for a VP of Insurance, stating they would be responsible for developing the strategic roadmap, recruitment, product launch(es) as well as gaining licenses for General Insurance and Life Insurance across the UK, EU and US over the next few years.

In October 2020, reports began to circulate that the banking venture was weeks away from applying for a bank charter in California.

In January 2021 it was revealed that Revolut has applied for a full banking license in its country of origin, the UK. The fintech already has a EU banking license , but the UK license would enable it to offer full-service current account services, including overdrafts and loads, as well as credit cards.

In January 2022, Revolut launched a standalone pet insurance product for cats and dogs to the UK market.

In April 2022 Revolut appointed Allianz Partners as its new global travel insurance services provider. As of April 2022, Allianz will provide comprehensive travel insurance services to Revolut Premium or Metal account holders - initially in 31 markets across the EU and UK. 

Map showing the location of Revolut

London, United Kingdom

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Key people

Refael Zikavashvili Global Head of Product
Varun Kabra Global Head of Marketing
Job Advert CCO
Dimitris Litsikakis Country Manager
Vlad Yatsenko Co-Founder and CTO
Ilya Murzinov Software Engineer (Backend)
Nikolay Storonsky Founder & Chief Executive Officer
Igor Hervier Private Investor
Daniel Waterhouse Board member
Benjamin Romei Investor
Elena Lavezzi Head of Southern Europe
Eugene Zubkov Senior Android Developer
Peter Collins Head of Internal Audit
Marek Liszewski Senior Product Owner and Manager
Wolfgang Bardorf Group Head of Treasury
Pierre Decote Group Chief Risk Officer
Don Hoang VP Global Business
Edward Cooper Head of Crypto
Sarveen Chester Global Expansion Manager
Martin Gilbert Chairman
Chiraayu Sethi Product Owner
Michael E. Kalfayan Investor
Lesley Smith Lesley Smith
Richard Martin Vice President Core Payments
Matt Baxby Chief Executive Officer
Martin Mignot Investor
Bill Rattray Chief Financial Officer (Interim)
Ronald Oliveira CEO (USA)
Bruce Wallace US Chair
Jerome Fernandez VP Product
Jim MacDougall VP People
Bruce Wallace Board Advisor
Paroma Chatterjee Chief Executive Officer
Anton Pasechnikov Chief Investment Officer
Tom Hambrett Partner
Rory Miller-Cheevers Global Head of Growth Operations
Vasily Starostenko Head of Product
Carlos Selonke CIO
Balazs Alexa Global Head of Strategy and Operations, Revolut Retail
Juan Miguel Guerra CEO
Eva Peris US Marketing & Growth
Ibrahim Dusi Chief Risk Officer Americas
Danil Ovechkin Head of Growth
Sebastian Hamilton Head Of Public Affairs, Europe
Arjun Mehta Chief Financial Officer
Francesca Carlesi CEO