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. Unique features include Savings Vaults for earning interest and Personal Vaults for saving towards specific goals. The app emphasizes security, claiming to be significantly better than traditional banks at preventing fraud. Revolut aims to simplify financial management for individuals and businesses, making it easier to handle everyday spending and long-term financial planning.

Simplify's Take

What believers are saying

• Integration of Bitcoin Lightning Network reduces transaction costs and attracts crypto users.
• Launch of mobile phone plans could disrupt telecom industry and boost customer acquisition.
• Digital mortgages in Ireland with instant approval position Revolut as a tech-savvy leader.

What critics are saying

• Expansion into mobile phone plans faces competition from established telecom providers.
• Bitcoin Lightning payments partnership may increase regulatory scrutiny in strict jurisdictions.
• Rippling lawsuit over 'Deel Spy' incident could harm Revolut's reputation and incur legal costs.

What makes Revolut unique

• Revolut offers a comprehensive app for managing money, including crypto and stock trading.
• The company provides real-time currency exchange at interbank rates in 28 currencies.
• Revolut's Savings Vaults offer up to 5.00% interest, enhancing user savings potential.

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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