Revolut Revenue and Growth Statistics (2023)

Revolut key statistics

• In 2022, Revolut was valued at $33 billion in its most recent funding round, led by SoftBank and Tiger Global.
• Revolut surpassed £95 billion in total transaction volume in 2021. It is expected to be over £100 billion by now.
• Revolut generated £261 million in revenue in 2020, an 57% increase year-on-year.
• Revolut has 25 million users as of November 2022.
• Revolut has 500,000+ business users as of November 2022.
• Revolut users transact in more than 30 currencies within the app as of November 2022.
• in 2020, the average monthly deposit made by Revlout customers is £396.
• As of 2020,  Revolut’s DAU was more than one million people.
• Revolut has offices across 16 locations with headquarters in London, United Kingdom.

Source: CB Insights, PitchBook, Revolut, Forbes, Techcrunch, Telegraph, FT, Medium

Revolut Overview (About Company)

Revolut is one of the most popular online banking apps. Let's have a look at some interesting data about Revolut as an app and as a company.

Revolut Valuation

Revolut was valued at $33 billion in its most recent funding round, led by SoftBank and Tiger Global in 2021.

In the past, there have been 4 official valuations of Revolut, from 2017 to 2021.

Look at how Revolut's worth changed in the course of 1 year! The company gained $27.5 billion in value from 2020 to 2021.

Source: Sifted, CNBC, CB Insights, PitchBook

Revolut Revenue

Revolut revenue was expected to reach more than £500 million in 2021.

Just like the value of Revolut, revenue also grew a lot from 2020 to 2021.

Check out how Revolut's revenue jumped by at least £300 million more from 2020 to 2021. That's just amazing!

Source: Revolut

What is Revolut’s transaction volume throughout the years?

Revolut surpassed £95 billion in total transaction volume in 2021. It is expected to be over £100 billion in 2022.

This is referred to how much money went through Revolut payments, deposits, crpyto, transfers and so on.

Interestingly, in 2020 the transaction volume on Revolut was undisclosed.

Though, look at all the other years and see how there are a couple more billions with each new year.

Source: Revolut 1, Revolut 2, Forbes, Techcrunch

How much % does Revolut make out of their transaction volume?

In other words, comparing Revolut’s revenue with their transaction volume — how much value do they capture out of the money that their users are transacting?

Looking at the table above, we can note how Revolut took 0.53% of all the transactions that went through the app.

Yet again, 2020's information remains undiscolsed and misterious. We can only wonder about that!

How much did Revolut users deposit monthly on average over the years?

In 2020, the average monthly deposit made by Revolut users was £396.

We also know a bit about the previous year. Speaking of which, you can see how Revolut users' monthly deposit, on average, grew by at least £50 every year.

Source: Telegraph, FT, Medium

How many users are actively using the Revolut app for transactions?

Revolut has more than 25 million registered users who use the app for currency conversion and banking.

From 2016, every year at Revolut had a new milestone. Check out how ther are millions of new active users with each new year on Revolut!

Source: Revolut, The Fintech Times

Revolut daily active users (DAU)

According to Revolut, more than one million people access the app daily (2020).

In 2023, the number of daily active users on Revolut is estimated to be way above one million users.

For now, we can only wait for Revolut to disclose this number.

In the past, it used to be 300,000 and 400,000 (2016, respectively 2018).

Source: Revolut

Revolut Funding History

Revolut has raised a total of $1.7B in funding over 19 rounds. Their latest funding was raised on Aug 11, 2021, from a Secondary Market round.

Above you can see a list of all the 19 rounds of Revolut investments.

Source: Crunchbase

Revolut Investors

Now that we spoke about funding, let's have a look at Revolut's investors as well.

Therefore — Revolut is funded by 49 investors. Da Vinci Capital and Red Lions Capital are the most recent investors.

Note how three of them are lead investors: SoftBank, Tiger Global Management, as well as TSG.

Source: Crunchbase

Revolut Acquisitions

Revolut acquired Nobly POS - Point of Sale on Nov 25, 2021.

At the moment, Nobly POS is the only company that we know Revolut has acquired. Let's wait and see the next moves!

Source: Crunchbase

Revolut Profit

Revolut reported a £167 million net loss in 2021, its largest-ever annual net loss.

Unfortunately for Revolut, ever since 2016, there has only been loss within the Profit & Loss Account.

With each new year at Revolut in the 2016-2020 interval, the reported net loss was only going up.

Source: Revolut

How many people work at Revolut?

In 2022, there are over 3,500 employees at Revolut.

Note how with each new year, there have been at laest 500 more new employees that started working for Revolut.

Source: Revolut, Business Insider, Startup Talky

How many office locations does Revolut have?

Revolut has offices across 16 locations with headquarters in London, United Kingdom.

The table below shows all of them:

Revolut has offices all over the world: North America, Europe, Asia, Oceania.

Source: Craft

In which countries is Revolut available?

Revolut is available and operational in the following countries: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.

Source: Revolut

How does Revolut make money?

The Revolut app and core banking account are free to use.

Revolut makes its money through:

• Subscription fees
• Transaction fees
• Perks
• Ancillary services
• Payment for order flow.

Source: Four Week MBA

Revolut subscription plans

These are the different Revolut subscriptions plans that you can purchase to get a better experience and different advantages on the app:

• Plus (£2.99/month)
• Premium (£6.99/month)
• Metal (£12.99/month)

Source: Four Week MBA

Who are Revolut's users? (users demography)

Revolut user’s gender distribution

Users of Revolut are split between 58.23% men and 41.77% women.

We can conclude that Revolut has a pretty fair ratio of male and female users.

Source: Similar Web

Revolut user’s age distribution

The majority of Revolut users are between the ages of 25 and 34.

After that comes the 35 - 44 age group, with 22.03% of the total Revolut users.

Source: Similar Web

Revolut users by country

Revolut has most of its users from the United Kingdom, with 14.72% of the total users, and the number of 3.68 million.

Fun fact: Monzo is yet another eBanking app whose users are mostly from the UK.

After the UK, most of Revolut's users are from Poland, France, and Spain, with over 6% of the total users for each.

Source: Similar Web

How many app downloads did Revolut get in 2022?

• Revolut got more than 10 million Android app downloads
• Revolut has more than 317,000 iOS app downloads

Note how most of Revolut's users are on Android rather than on iOS.

Source: Google Play, Apple Apps

Revolut top marketing channels

The top traffic source to Revolut is search traffic, driving 48.78% of desktop visits last month, and direct is the 2nd with 43.23% of traffic.

Source: Similar Web

Social media traffic to Revolut

Regarding social media, YouTube is the #1 traffic source for Revolut. It has a share of 43.94% from Revolut's total social media traffic.

After YouTube, Revolut's second most popular social media app is LinkedIn, with 35.85% of the total social media traffic.

Source: Similar Web

Revolut website traffic by country and device used

Revolut's most users come from the United Kingdom, and they prefer the mobile version of the app. The same goes for the US too!

Though, when we get to Netherlands, things have a bit of a twist, as Dutch people like to use Revolut on their desktop devices rather than phones or tablets.

Source: Semrush

What is the average time spent by users on Revolut?

The average time spent by users on the Revolut website is 3 minutes.

Source: Similar Web

Who founded Revolut?

The pair Nikolay Storonsky and Vlad Yatsenko founded Revolut in 2015.

Revolut founders’ net worth

• Nikolay Storonsky

• Nik Storonsky cofounded and runs U.K.-based financial services firm Revolut, which was valued by private investors at $33 billion in July 2021.
• Revolut offers everything from currency exchange and surcharge-free ATMs to global transfer payments and budgeting.
• The company, one of Europe's top unicorns, says it has handled more than 350 million transactions for more than 10 million customers.
• Storonsky, who also holds Russian citizenship, got his start as a derivatives trader at Lehman Brothers, then Credit Suisse.

Nikolay Storonsky’s Net Worth History

Source: Forbes

• Vlad Yatsenko

• Vlad Yatsenko is cofounder of digital bank Revolut, the most valuable fintech company in the U.K., worth $33 billion.
• The dual British-Ukrainian citizen called Vladimir Putin "one of the most brazen liars in history" on February 24, the day Russia invaded Ukraine.
• Revolut, which he runs with Nik Storonsky, who grew up in Russia but left at age 20, helped raise $11 million in donations for the Ukrainian Red Cross.
• Yatsenko is Revolut's chief technology officer; he previously built software at UBS, Deutsche Bank, and Credit Suisse.
• Yatsenko owns a bit less than 4% of Revolut.

Source: Forbes