Revolut

Revolut

Fintech app enabling transfers and exchanges

Overview

Revolut provides a single app for individuals and businesses to manage money, offering services such as international money transfers, currency exchange, savings, investments, budgeting, and spending analytics. The app lets users send money worldwide instantly, exchange 28 currencies at real interbank rates, and withdraw cash from thousands of surcharge-free ATMs, with features like Savings Vaults and Personal Vaults for goal-based saving. What sets Revolut apart is its combination of many financial tools in one app with transparent pricing, real-time exchange, and premium tiers. The goal is to make managing money easier and cheaper globally, giving users control over spending, saving, and investing.

About Revolut

Simplify's Rating
Why Revolut is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consumer Software

Fintech

Financial Services

Company Size

10,001+

Company Stage

Late Stage VC

Total Funding

$3.7B

Headquarters

London, United Kingdom

Founded

2015

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Simplify's Take

What believers are saying

  • July 2026 valuation reached $115 billion after a secondary sale, strengthening employee retention.
  • OpenAI partnership on 30 July 2026 gives premium users ChatGPT Go, boosting perceived value.
  • France is hiring 200 staff in 2026, while Australia pledged A$400 million expansion.

What critics are saying

  • Italy fined Revolut €11.5 million on 2 April 2026 for deceptive investment and account disclosures.
  • Lithuania fined Revolut €3.5 million in January 2026 for anti-money-laundering failures.
  • US charter denial blocks Revolut's American banking plan and caps its IPO narrative.

What makes Revolut unique

  • Revolut spans banking, investing, crypto, and FX inside one app across 75 million customers.
  • Sid Jajodia joined the board on 4 August 2026, signaling bank-grade operating depth.
  • Australia, Mexico, and the UK banks prove Revolut wins licenses beyond Europe.

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Funding

Total Funding

$3.7B

Above

Industry Average

Funded Over

11 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

You’ll get to work in one of the hottest and fastest growing tech startups in the world right now

We’ll arm you with all of the latest tech equipment

Competitive salary

Competitive 401(k) plan

Competitive vacation policy

Flexible work hours

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-2%

2 year growth

-5%
Disruption Banking
Aug 4th, 2026
Revolut's Chief Banking Officer Sid Jajodia joins Group Board as Executive Director.

Revolut's Chief Banking Officer Sid Jajodia joins Group Board as Executive Director. London, 4 August 2026: Revolut, the global fintech with more than 75 million customers worldwide, today announces the appointment of Sid Jajodia, its Chief Banking Officer, as an Executive Director on the Board of Revolut Group Holdings Ltd, subject to regulatory approvals. The appointment reflects the growing scale of Revolut's global banking operations, which Sid has overseen since joining the company in 2021. In the past year alone, Revolut launched its fully licensed UK bank following approval from the Prudential Regulation Authority (PRA), began full banking operations in Mexico and Australia - its first banking operations outside Europe - and applied for a national bank charter in the United States. Revolut also operates across the entire European Economic Area under its European banking licence. Sid brings more than two decades of experience across retail and commercial lending and regulation. He was previously CEO of Credit at PayU, spent four years at LendingClub as Chief Investment Officer and VP of Risk Management, and earlier spent 12 years at Capital One, latterly as SVP and Head of SME Lending. Martin Gilbert, Chairman of Revolut Group, said: "Expanding our banking operations to more countries is central to Revolut's strategy, and Sid has been instrumental to that expansion, from our UK bank launch to our first bank outside Europe. His appointment reflects the scale and importance of that work as we continue to grow globally." Sid Jajodia, Revolut's Chief Banking Officer and Executive Director said: "It's a privilege to join the Board at this point in Revolut's journey. In the past year we've launched our UK bank, opened our first banks outside Europe with Mexico and Australia, and applied for a US charter, and the next phase will be more ambitious still." Following this appointment, and subject to regulatory approvals, Revolut Group's Board of Directors comprises: * Chair: Martin Gilbert * Executive Directors: Nik Storonsky, Sid Jajodia * Non-Executive Director: Vlad Yatsenko * Independent Non-Executive Directors: Caroline Britton, John Sievwright, Michael Sherwood, Ian Wilson, Dan Teodosiu

FF News
Aug 4th, 2026
Revolut appoints Chief Banking Officer Sid Jajodia to Group Board as Executive Director.

Revolut appoints Chief Banking Officer Sid Jajodia to Group Board as Executive Director. Quick summary. Revolut has appointed Sid Jajodia, its Chief Banking Officer, to the Revolut Group Board as an Executive Director. This move signals a major shift toward global banking expansion following successful launches in the UK, Mexico, and Australia, alongside a pending US national bank charter application. How does Sid Jajodia's appointment impact Revolut's strategy? The elevation of Sid Jajodia to the board highlights Revolut's transition from a fintech disruptor to a global banking powerhouse. Since joining in 2021, Jajodia has been the architect of the firm's international banking licenses, overseeing the transition to a fully licensed UK bank. His new role as Executive Director ensures that banking operations remain at the heart of the group's governance. Payments technology solutions * 20+ years experience in retail and commercial lending. * Former CEO of Credit at PayU and CIO at LendingClub. * 12-year tenure at Capital One in senior leadership. What are Revolut's latest global banking milestones? Revolut is aggressively pursuing a multi-jurisdictional banking strategy to serve its 75 million customers. By securing a UK banking license from the PRA and launching operations in Mexico and Australia, the company has established its first major footprints outside of the European Economic Area. The firm is currently awaiting a US national bank charter to solidify its North American presence. * 75 million customers worldwide. * 1 billion transactions processed monthly. * Active banking operations in Mexico and Australia. Who currently leads the Revolut Group Board? The board is structured to balance founder-led innovation with seasoned institutional oversight. Led by Chair Martin Gilbert, the board now includes two Executive Directors: Nik Storonsky and Sid Jajodia. This leadership team is tasked with navigating the complex regulatory requirements associated with holding full banking licenses across multiple continents. Ff news take: This appointment is a clear signal that Revolut is no longer just a "super-app" - it is a global bank. By putting Sid Jajodia on the board, Revolut is prioritizing regulatory maturity and lending expertise. This moves the needle significantly, as it prepares the infrastructure for a potential IPO and a massive US market entry, proving they can handle the scrutiny of top-tier global regulators. Featured speakers.

UK Tech News
Jul 30th, 2026
Revolut partners with OpenAI to offer free ChatGPT Go subscriptions

Revolut has partnered with OpenAI to offer ChatGPT subscriptions to its retail customers. The fintech will provide free access to ChatGPT Go, which normally costs £7 monthly, as part of its subscription packages. Revolut Metal and Ultra subscribers will receive 12 months of free ChatGPT Go access, whilst cheaper tiers will get three to six months. ChatGPT Go offers higher usage limits than free accounts, plus file uploads, document analysis, and image generation. Tara Massoudi, partner and general manager for premium products at Revolut, said the company aims to empower customers with tools beyond finance. Emmanuel Marill, OpenAI's managing director for EMEA, stated the partnership will enable millions of Revolut customers worldwide to use AI for everyday tasks.

Sapo
Jul 30th, 2026
Revolut users will have access to a ChatGPT subscription.

Revolut users will have access to a ChatGPT subscription. Miguel Patinha Dias 30 July 2026 08:03 The ChatGPT Go subscription will be available to Revolut customers for a period of up to 12 months. The initiative is part of a collaboration between Revolut and OpenAI. Revolut announced this Thursday, the 30th, a partnership with OpenAI that will allow its users to access a ChatGPT Go subscription for up to 12 months - depending on the user's account. Revolut customers with the Standard or Plus plan can use ChatGPT Go for free for a period of 3 months. Premium, Revolut Pro, and Revolut Mobile customers will have access to the OpenAI artificial intelligence tool for 6 months. Customers with a Metal account will have access for 12 months, as will those with an Ultra account - in this case, they also have a "Buddy" pass for 12 months. OpenAI co-founder and CEO Sam Altman was one of the most recent guests on the "Relentless" podcast and admitted that he became addicted to TikTok. What started with just 10 minutes of use before sleeping ended up turning into several hours of continuous use. Miguel Patinha Dias | 09:45 - 28/07/2026 Revolut notes that holders of Standard and Plus accounts will have access to ChatGPT Go in the "coming weeks." On the other hand, the company notes that anyone with any of the other accounts will have guaranteed access from this Thursday, the 30th. Remember that with ChatGPT Go, users get higher usage limits, a greater number of file uploads, more opportunities to generate AI images, and also the possibility of using the tool's memory. Regarding this partnership, the partner and general manager of premium products at Revolut, Tara Massoudi, stated in a press release sent to Notícias ao Minuto that the initiative is based on the desire to "empower customers with tools that are part of their daily lives, beyond finances." A day after news that OpenAI had been sued over ChatGPT's medical advice, the AI company announces the launch of a dedicated mode for this area. Miguel Patinha Dias | 09:01 - 24/07/2026 "Nowadays, AI has gone from being a nice extra to an everyday essential. By collaborating with OpenAI to make ChatGPT plans available to our customers, we are eliminating the burden of scattered monthly bills and ensuring our users uninterrupted access to the world's best productivity tools. This is exactly what a premium banking experience should offer," the executive added. OpenAI's managing director for Europe, Emmanuel Marill, emphasizes the importance of getting even more people to use AI tools. "We are excited to partner with Revolut and bring ChatGPT Go to millions of customers around the world, allowing them to use AI to simplify their daily lives - from handling personal management and planning trips to learning and creating. With this partnership, even more people will be able to get more out of AI," says Marill. [News updated at 08:20] Topics. Tell Google that SAPO is one of your preferred sources of information. That way, in your Google searches, you will find SAPO content. Learn more.

The Financial Technology Report
Jul 29th, 2026
Former Chase UK boss Kuba Fast tapped to lead Revolut Bank UAB.

Former Chase UK boss Kuba Fast tapped to lead Revolut Bank UAB. Published. July 29, 2026 Revolut has poached former Chase UK chief executive Kuba Fast to run its European banking entity and lead its continental operations. Pending regulatory approval from the European Central Bank and the Bank of Lithuania, Fast will assume the dual role of Chief Executive for Revolut Bank UAB and Chief Executive for Europe. He replaces Joe Heneghan, who has managed the European division since 2021, and steps in to steer a banking infrastructure that serves 30 markets across the European Economic Area. Fast spent seven years at JPMorgan Chase, culminating in his appointment to lead its digital banking unit, Chase UK, in May 2024. He brings deep regional experience to the role, having previously worked for three years at Polish digital bank mBank and six years at McKinsey and Company. As reported by Expansion, his strategic brief at the firm will focus heavily on accelerating growth in eastern Europe, a key territory for the company's broader push toward reaching 100 markets and 100 million customers. Securing an established digital banking veteran comes at a critical juncture as Revolut expands from a cross-border payments app into a full-service financial institution. The company recently secured its UK banking license earlier this year and is aggressively layering on services like mortgages in Lithuania and international wealth management. Commenting on the scale of the task ahead, Fast stated that "Revolut still has massive potential across customer growth, product expansion and relationship deepening" as the company works toward a potential IPO in the next two years.

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