Revolut

7 standards supported

Standards supported

Supported standards

The wallet supports the following visual-code standards:

Overview

Revolut is the UK's largest neobank + global multi-currency digital wallet, operated by Revolut Ltd with 70+ million customers across 160+ countries and regions (March 2026) [1, 2]. Originally launched as a multi-currency travel-card with low FX margins (July 2015), Revolut has expanded into full retail banking in the UK (full banking license March 11, 2026), EU (via Revolut Bank UAB Lithuania), and Mexico (first independent digital bank to secure Mexican banking license through direct application, January 27, 2026). 2025 revenue: $6 billion + pre-tax profit $2.3 billion. Targeting $150-200 billion IPO valuation for eventual public listing (delayed to 2028).

History

July 2015 — Founded by Nikolay Storonsky + Vlad Yatsenko in London [2]: Originally a multi-currency travel-card alternative.

2016-2019 — UK + EU rollout [2]: Multi-currency accounts, FX, crypto, stock trading added.

December 2018 — EU banking license via Revolut Bank UAB (Lithuania).

2020-2024 — Continued growth + IPO speculation [3]: User base grows from 10M to 50M+.

November 2025 — Valued $75 billion [1]: $6B revenue + $2.3B pre-tax profit FY2025.

2025 — 15 million new users added (+30% YoY growth) [7]: Substantial year.

January 27, 2026 — Mexico banking license launched [1]: First independent digital bank to secure Mexican license through direct application; first non-European Revolut bank.

March 11, 2026 — UK full banking license [6]: After 5+ year application process; FSCS deposit protection up to £120,000.

April 20, 2026 — CEO Storonsky states IPO ~2 years away, US listing preferred, $150-200B valuation target [5]: Strategic IPO direction.

Ownership & operator

Operating entities (per jurisdiction):

Revolut Ltd (UK) — primary holding entity.
Revolut Bank UAB (Lithuania) — EU banking license, ECB-supervised.
Revolut Bank PLC (UK) — UK banking license (March 2026).
Revolut Mexico — Mexican banking license (January 2026).

Founders: Nikolay Storonsky (CEO) + Vlad Yatsenko (CTO).

Major investors: SoftBank Vision Fund, Tiger Global, TCV, DST Global, GIC, Coatue, Wellington Management, others.

Valuation: $75B (November 2025); $150-200B IPO target (2028).

Regulators:

UK: FCA + PRA (UK banking).
EU: ECB + Bank of Lithuania (Revolut Bank UAB).
Mexico: CNBV (Mexican banking).
US: state-level money transmitter licenses + bank-sponsored card-issuance.
Australia, Singapore, Japan, Brazil, India: per-jurisdiction local licenses.

Technical integration

Revolut is a multi-rail neobank + digital wallet operating across 160+ countries [1, 2]:

Layer	Description
Channels	Mobile app (iOS + Android) + web (revolut.com) + physical/virtual debit cards
Identifiers	Phone number, email, IBAN, Revolut tag (@username), card number, QR
Currencies	30+ multi-currency accounts; 30+ supported FX
Payment rails	SEPA + SWIFT + UK Faster Payments + local rails per market
Card networks	Visa + Mastercard (issuer for Revolut Card)
Cross-border transfers	160+ countries; transparent interbank FX rates (with weekend markup)
Crypto	Integrated trading + holding (30+ cryptocurrencies)
Stock + commodity trading	US/UK/EU listed equities + commodities

Users & growth

Global (2025-2026) [1, 7]:

Total customers (March 2026): 70+ million
New users added in 2025: 15 million (+30% YoY)
2025 revenue: $6 billion
2025 pre-tax profit: $2.3 billion (record)
Valuation (November 2025): $75 billion (private)
IPO target valuation (2028): $150-200 billion

Geographic distribution (app downloads) [1]:

United Kingdom: 19%
Ireland: 13%
Romania: 12%
Poland: 12%
France: 7%
Hungary, Italy, Portugal: 5% each
Spain: 4%
USA: 3%

Markets with banking license: UK (March 2026), EU (since 2018), Mexico (January 2026).

Other operating markets: Australia, Japan, New Zealand, Singapore, Brazil, US, India, UAE.

Use cases

Multi-currency accounts + low-fee FX [1]: Cardinal use — original product-market fit.

Daily banking (UK, EU, Mexico) [6]: Salary deposits, bill pay, savings, credit.

International transfers [1]: 160+ countries via SEPA/SWIFT/local rails.

Card payments globally [1]: Physical + virtual Revolut Card (Visa/Mastercard).

Crypto trading + holding [1]: 30+ cryptocurrencies.

Stock + commodity trading [1]: US/UK/EU equities.

Travel insurance + lounge access (paid tiers) [1]: Premium subscription features.

Revolut Pay (merchant checkout button) [1]: E-commerce.

Business banking (Revolut Business) [1]: SME + corporate accounts.

Implementations & partners

Operating entities: Revolut Ltd, Revolut Bank UAB, Revolut Bank PLC, Revolut Mexico.

Card-network partners: Visa + Mastercard (issuer).

Crypto exchange partners: integrated trading infrastructure.

SEPA + SWIFT membership: direct.

UK FSCS membership (post-March 2026): customer deposits protected up to £120,000.

Major competitors: [[monzo]] + [[starling]] (UK), [[n26]] (Germany), [[nubank]] (Brazil), traditional banks (Barclays, HSBC, BNP Paribas, ING), [[wise]] (multi-currency transfers).

Fun facts

Founded July 2015 by Nikolay Storonsky (ex-Lehman Brothers/Credit Suisse derivatives trader) + Vlad Yatsenko (CTO).
70M+ customers across 160+ countries (March 2026) — one of the most internationally distributed fintechs.
5+ years applying for UK banking license — finally granted March 11, 2026.
First independent digital bank to secure Mexican banking license through direct application (January 27, 2026).
$75B valuation (Nov 2025) — one of Europe's most valuable private fintechs.
$2.3B pre-tax profit (2025) — major profitability milestone for a neobank.
$150-200B IPO target valuation — one of largest planned fintech IPOs globally.
IPO delayed to 2028 — Storonsky cited US-listing preference + market conditions.
15 million new users added in 2025 (+30% YoY) — continued growth despite scale.
Operates across full retail banking + crypto + stocks + travel + business banking — comprehensive super-app-like fintech footprint.

Comparison

Feature	Revolut	[[monzo]] (UK)	[[starling]] (UK)	[[n26]] (DE)	[[nubank]] (BR)
Operator	Revolut Ltd + Bank UAB + Bank PLC + Mexico	Monzo Bank Ltd	Starling Bank Ltd	N26 GmbH	Nu Holdings (NYSE listed)
Country footprint	160+ countries	UK + US + EU (limited)	UK	EU (focused)	BR + MX + CO
Users (2025-26)	70M+	10M+	4M+	8M+	100M+
Banking licenses	UK + EU + Mexico	UK	UK	EU	Brazil (full) + Mexico + Colombia
Valuation	$75B (Nov 2025)	~$5B	private	~$3B	~$70B (public)
Profitability	$2.3B pre-tax profit 2025	Approaching	Profitable	Loss-making	Profitable
Multi-currency	30+ currencies, FX-trading	Limited	Limited	EUR-focused	BRL-focused

Status

Active, growing, pre-IPO [1, 5, 6]:

Operators: Revolut Ltd + Bank UAB + Bank PLC + Mexico.
70M+ customers across 160+ countries (March 2026).
UK full banking license (March 11, 2026).
Mexico banking license (January 27, 2026) — first independent digital bank.
$75B valuation (Nov 2025); $150-200B IPO target (2028).
$6B revenue + $2.3B pre-tax profit (2025) — record profitability.

Sources

Source

Biography extracted from revolut.md. See matrix.md for standards-support matrix if present.