Overview

Revolut offers a financial app that helps users manage their money efficiently. It provides services like international money transfers, currency exchange in 28 currencies at real interbank rates, savings, and investments. Users can send money instantly without hidden fees and withdraw cash from over 55,000 ATMs in the U.S. The app includes budgeting tools and spending analytics to help users track their finances. Revolut generates revenue through subscription fees for premium accounts, transaction fees, and interest on savings. Premium accounts offer benefits like higher withdrawal limits and travel insurance. Unique features include Savings Vaults for earning interest on savings and Personal Vaults for saving towards specific goals. Revolut aims to simplify financial management for individuals and businesses with a secure, all-in-one app.

Simplify's Take

What believers are saying

• Revolut's expansion into Globalhire taps into the growing global workforce management market.
• Revolut X targets professional crypto traders, expanding its reach in the crypto market.
• Revolut's partnership with Wizz Air enhances user experience with secure, one-click payments.

What critics are saying

• Revolut's Globalhire may face competition from established HR and payroll industry players.
• Revolut X could attract increased scrutiny from financial regulators in the crypto market.
• Revolut's Blik integration may strain customer support and technical infrastructure.

What makes Revolut unique

• Revolut offers a comprehensive app for managing money, including crypto and stock trading.
• Revolut's Savings Vaults provide up to 5.00% interest, surpassing traditional banks.
• Revolut's app security is seven times better at preventing card fraud than traditional banks.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$1718.4M

Above

Industry Average

Funded Over

7 Rounds

Notable Investors:

Tiger Global

Notable Investors:

Tiger Global

$800,000,000

Series E

Jul 2021

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.

Series E Funding Comparison

Above Average

Industry standards

Ind Avg. $100M

$30M

$245M

$250M

$800M

$1250M

$1500M

View all funding stages