Incorporated in December 2013, the London-based challenger bank Revolut has grown exponentially. In February 2018, Revolut announced that they had hit *** million customers, a figure that had grown to ** million by the end of 2024. In 2024, Revolut had the highest number of customers of any European online-only bank. Along with the customer base, the annual revenue of Revolut increased significantly as well, with 2024 seeing a total annual revenue of over **** billion British pounds.

Incorporated in December 2013, the London-based challenger bank Revolut has grown exponentially. In 2024, the bank's revenue grew by more than ** percent. This was significantly lower than in 2023, when the digital bank recorded a growth of more than ** percent during the observed period.

Introduction

Revolut Statistics: Being one of the UK giants in the finance and technology sector, Revolut stands tall as one of the most important names in global digital banking. It has recorded certain milestones in its trajectory toward immense growth in 2024, literally stretching in revenue, customers, and products.

Operating in more than 48 countries, the company stands at an estimated value of US$45 billion and is setting the clock ticking for traditional financial services with its disruptive way of dealing with banking. Here, we shall see some key facts and figures regarding Revolut statistics.

Revolut experienced a significant growth in its total revenue between 2016 and 2024. In 2024, the challenger bank headquartered in London reported around ***** percent growth, with revenue surpassing ***** billion British pounds.

Revolut Securities Europe UAB financial data: profit, annual turnover, paid taxes, sales revenue, equity, assets (long-term and short-term), profitability indicators.

Revolut, the London-based challenger bank, has experienced a remarkable financial turnaround. After years of losses, the company reported its first operating profit in 2021, followed by a record-breaking profit of over ***** million British pounds in 2024. This significant shift underscores Revolut's growing prominence in the fintech sector and its ability to capitalize on the expanding digital banking market.

This dataset provides a comprehensive view of a company’s financial and operational performance over the period from 2019 to 2023. It includes key metrics such as revenue, net profit, total comprehensive income, total assets, total equity, customer base, and indicators for return on equity (ROE) and return on assets (ROA). Additionally, the dataset contains a dummy variable to indicate the occurrence of a significant cyber incident in 2022. Data Fields:Year: The fiscal year for the reported data.Revenue (million GBP): Total income generated from sales and other operations, measured in millions of GBP.Net Profit (million GBP): The profit after all expenses, taxes, and costs, reported in millions of GBP.Total Comprehensive Income (million GBP): A measure of company performance that includes net income and other comprehensive income, reported in millions of GBP.Total Assets (million GBP): The total value of everything the company owns, reported in millions of GBP.Total Equity (million GBP): The shareholders' equity, representing the residual interest in the assets of the company after deducting liabilities, reported in millions of GBP.Customer Base (millions): The number of customers the company serves, measured in millions.ROE (%): Return on Equity, calculated as (Net Profit / Total Equity) * 100, and expressed as a percentage.ROA (%): Return on Assets, calculated as (Net Profit / Total Assets) * 100, and expressed as a percentage.CyberIncident: A binary variable (0 or 1) indicating the occurrence of a cyber incident in the corresponding year, with ‘1’ indicating an incident and ‘0’ indicating none.Key Insights:Revenue Growth: The company has shown significant growth in revenue, particularly from 2021 onwards, reflecting a strong upward trend in business performance.Profitability: After a challenging period in 2019 and 2020, the company achieved positive net profit starting in 2021, with substantial growth by 2023.Operational Efficiency: The ROE and ROA values demonstrate an improving trend in the company’s efficiency in utilizing equity and assets to generate profits.Customer Expansion: The customer base has expanded rapidly, tripling from 10 million in 2019 to 35 million in 2023, indicating successful market penetration and customer acquisition strategies.Cyber Incident Impact: A notable cyber incident occurred in 2022, which may have influenced financial and operational metrics during that period.Potential Uses:This dataset is valuable for financial analysts, researchers, and business strategists interested in understanding the financial trajectory, operational efficiency, and market growth of a company over a five-year period. It also provides insights into the impact of cyber incidents on company performance.

"Revolut Ltd filialas" financial data: profit, annual turnover, paid taxes, sales revenue, equity, assets (long-term and short-term), profitability indicators.

This dataset is about companies. It has 1 row and is filtered where the company is Revolut. It features 5 columns: city, country, revenues, and foundation year.

Revolut experienced significant customer growth between 2018 and 2024, reaching ** million customers in December 2024. If the neobank maintains its current growth trajectory, projections suggest it could expand to over ** million customers by December 2025. While the United Kingdom remains its primary market with approximately ** million users, Revolut download figures indicate strong popularity in Romania, France, and Poland. Scaling up: Revolut's journey to ** million users In February 2018, the London-based neobank Revolut reported 1.5 million customers, a number that grew to three million by November of the same year. By September 2019, Revolut had reached eight million customers, a figure that more than tripled to over 25 million by November 2022. The company's rapid expansion continued, with its customer base increasing by 10 million in just 11 months between November 2022 and October 2023, reaching ** million customers. By March 2024, Revolut's customer base had grown to ** million, and by December 2024, the company celebrated hitting the ** million customer milestone. Parallel to this explosive customer growth, Revolut also experienced significant financial improvement, with its revenue nearly doubling in 2023 ad 2024. Funding of banking fintechs For several years, fintech banking startup investments surged, with funding often doubling annually - a trend particularly evident in 2017 and 2021. However, 2022 marked a dramatic shift, marking the first investment decline since 2016. The downturn continued into 2023, with funding plummeting to 2.2 billion U.S. dollars, the lowest level in seven years.

The UK Financial Technology (FinTech) industry is highly fragmented and is expanding rapidly. In recent years, areas like peer-to-peer lending, money transfer and digital banks have performed well. Industry revenue is expected to grow at a compound annual rate of 19.8% over the five years through 2025-26 to reach £34.7 billion, including estimated growth of 12.1% in 2025-26. The industry relies heavily on third-party financing, which has proved highly volatile over recent years amid the higher base rate environment.

Government initiatives have identified the FinTech industry as an important area of future economic growth; in response, the government has put considerable effort into offering support to the industry. This has bolstered investment and facilitated industry expansion. Customers are increasingly seeing fintech as a viable alternative to traditional banks, offering more attractive savings rates and a user-friendly experience. FinTech companies welcomed the rising base rate environment, which has supported revenue growth over recent years. However, the turbulent economic conditions and threat of rising default rates have forced FinTechs to ramp up their loan loss provisions, weighing on profitability. Fintechs heavily rely in investment funds to scale up, and this has proved highly volatile in recent years, dropping in 2024 due to higher interest rates and geopolitical tensions. Going into 2025, funding activity will remain lacklustre as geopolitical tensions persist following Trump’s aggressive tariff policies. This will hit acquisition activity and force fintechs to find ways of growing organically. Industry revenue is forecast to rise at a compound annual rate of 12.4% over the five years through 2030-31 to reach £62.2 billion. Despite fundraising dropping over recent years, fintech companies will still have plenty of cash to invest and strengthen their long-term proposition to persuade customers to make them their primary bank, something a more attractive savings rate has failed to do. Competition will pick up in the coming years as traditional banks actively seek to maintain their customers, offering more fintech services like developing user-friendly apps or closing their branches.

In 2024, leading payment providers and digital banks managed to acquire substantial profit. PayPal led with a profit of approximately **** billion U.S. dollars. This was followed by Nubank and Robinhood, each having profit over *** billion U.S. dollars. Revolut - a multinational neobank founded in 2015 - achieved a net profit worth around *** million U.S. dollars. Klarna trailed far behind in comparison to others, with ** million U.S. dollars net profit.

In 2024, leading payment providers and digital banks managed to generate substantial average revenue per user (ARPU). Robinhood led with an ARPU of *** U.S. dollars. This was followed by Revolut and PayPal, each having revenues per user surpassing ** U.S. dollars. Klarna and Nubank trailed behind, with ARPU of ** U.S. dollars and **** U.S. dollars, respectively.

The European virtual visa card market is experiencing robust growth, driven by the increasing adoption of digital payment methods and the rising demand for secure and convenient online transactions. The market, valued at approximately €15 billion in 2025 (estimated based on the global market size and regional distribution), is projected to exhibit a Compound Annual Growth Rate (CAGR) of 20% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the proliferation of e-commerce and online businesses necessitates secure and efficient payment solutions, leading to a surge in virtual card usage. Secondly, the rising adoption of mobile banking and fintech applications further accelerates the market's growth, as these platforms seamlessly integrate virtual card functionalities. Finally, regulatory initiatives promoting digitalization and financial inclusion are also contributing to the market's expansion. The B2B segment, encompassing virtual cards for business expenses and supplier payments, is a major contributor to market revenue, alongside the rapidly growing B2C sector, driven by consumer preference for contactless and secure online payments. Leading players such as Mastercard, Revolut, and others are strategically investing in innovative features and partnerships to enhance market penetration and cater to evolving customer demands. Within Europe, significant variations in market penetration exist across different countries. The UK, Germany, and France, with their established digital economies and high smartphone penetration rates, are currently leading the market. However, growth opportunities are emerging in other European nations as digital infrastructure and financial literacy improve. The market segmentation by product type (B2B, B2C remote payments, B2C point-of-sale) reflects the diverse applications of virtual cards, while the end-user segmentation (consumer, business) highlights the broad appeal across individual and corporate usage. Challenges remain, including cybersecurity concerns and the need for robust consumer protection frameworks. Despite these hurdles, the long-term outlook for the European virtual visa card market remains strongly positive, with continuous innovation and expanding market adoption anticipated throughout the forecast period. Recent developments include: In September 2023, Lloyds Bank launched a new virtual card for its businesses in partnership with Visa. The virtual card payment service will be available to Lloyds customers and is designed for users to control and track spending with the simplification of the payment process. Visa Commercial Pay exists as a virtual payment solution providing the technology to help businesses simplify and streamline their payments in a secure and controlled way., In September 2023, Wallester which operates in virtual card solutions partnered with Transferra which exists as a fintech provider in Europe. The partnership will be expanding Wallester's virtual card business in the European region and make its transactions more secure.. Key drivers for this market are: Rising in Adoption of Digital Payment Method, Increase in Adoption of Virtual Card Payments by E-Commerce Business. Potential restraints include: Rising in Adoption of Digital Payment Method, Increase in Adoption of Virtual Card Payments by E-Commerce Business. Notable trends are: Rising Digital Payment.

Global Financial Services Software market size will be USD 268.45 Billion by 2030. Financial Services Software Industry's Compound Annual Growth Rate will be 8.92% from 2023 to 2030. Market Drivers

Rising digital transformation initiatives drive the market growth of Financial Services Software.

Traditionally, the financial sector relied heavily on legacy IT systems and manual processes to handle client transactions, risk management, and regulatory compliance. These systems were often rigid, costly to maintain, and lacked the agility needed to meet modern customer expectations.

The surge in digital transformation across the financial services industry has significantly changed this dynamic. Financial institutions are now investing heavily in modern, cloud-based software solutions to streamline operations, enhance customer experience, and achieve real-time data analytics and decision-making. This shift is driven by the need to stay competitive, increase operational efficiency, and meet regulatory requirements more effectively.

Ongoing trends such as the integration of AI, machine learning, and blockchain technologies are reinforcing this transformation. These technologies enhance fraud detection, automate customer service through chatbots, and facilitate secure, transparent transactions. Additionally, the push towards open banking and API-based ecosystems is driving banks and financial institutions to modernize their software infrastructure. According to PWC, 80% of financial institutions are currently investing or plan to invest in digital transformation projects within the next year, underscoring the sector's increasing focus on technology-driven innovation. This shift is being fueled by the need for enhanced operational efficiency, improved customer experiences, and strengthened security frameworks. (https://www.pwc.in/industries/financial-services/fintech/point-of-view/pwcs-fintech-insights-december-2023.html)

For instance,

Revolut, a digital-only bank, has successfully leveraged advanced technologies to streamline its operations and bolster security protocols. By eliminating traditional banking infrastructure and adopting a fully digital approach, Revolut has set new benchmarks for operational efficiency and user-centric service delivery.

This exemplifies how digital transformation is redefining competitive standards across the financial services landscape.

Increasing demand for enhanced customer experience drives the market growth of Financial Services Software.

Historically, customers had limited access to financial services, which were confined to physical branches and conventional banking hours. Service delays, lack of personalization, and restricted accessibility were common pain points for both retail and institutional clients.

In the current financial services landscape, there is a strong shift toward customer-centric models, with institutions increasingly relying on software solutions to meet evolving consumer expectations. These technologies enable banks and financial firms to offer highly personalized, omnichannel experiences through mobile apps, web platforms, and AI-driven insights. Enhanced user interfaces, quicker service delivery, and customized product recommendations have become standard features that customers now expect.

For instance,

Firms like Charles Schwab are leveraging AI to deliver tailored investment advice, which has led to a 30% increase in customer engagement.(https://www.renascence.io/journal/customer-experience-cx-for-financial-services-in-2025-40-case-studies)

This demonstrates how customer-centric digital strategies are driving deeper client relationships and improved service outcomes across the industry.

A 2023 Accenture report revealed that 50% of consumers would switch banks if their digital experience did not meet expectations, underscoring the critical role of software in delivering customer satisfaction. (Global Banking Consumer Study | Accenture). This emphasis on customer experience is supported by broader trends like the rise in smartphone usage, fintech disruptors offering seamless digital services, and younger, tech-savvy generations entering the financial ecosystem. Institutions must adopt sophisticated software platforms to retain customers and reduce churn.

Restraints

One of the major challenges for this market is the signific...

The fee income of Revolut increased significantly between 2021 and 2024, with each year witnessing a substantial increase. The digital bank reported fee income of about *** billion British pounds at the end of 2024, more than tripling its value in just three years. Fee income refers to the revenue generated by banks through service charges to customers. Not surprisingly, the upward trajectory in fee income during this period aligns with the bank's rapid customer growth.

The European Fintech market, currently experiencing robust growth with a CAGR exceeding 10%, presents a significant investment opportunity. Driven by increasing smartphone penetration, rising digital literacy, and a growing preference for convenient and seamless financial services, the market is projected to expand substantially from its 2025 valuation. Key service propositions fueling this expansion include money transfer and payments, propelled by the increasing adoption of mobile wallets and contactless payments; savings and investments, driven by the appeal of robo-advisors and personalized investment solutions; and digital lending and lending marketplaces, facilitating access to credit for individuals and businesses alike. The market's expansion is further bolstered by the burgeoning online insurance and insurance marketplace segment, offering greater transparency and choice to consumers. While regulatory hurdles and data security concerns pose potential restraints, the overall market trajectory remains strongly positive, driven by innovation and consumer demand for enhanced financial services. The competitive landscape is characterized by a mix of established players like Adyen and Nexi, and disruptive newcomers like Revolut and Klarna, vying for market share across diverse segments and geographies. The UK, Germany, and France are currently the largest markets within Europe, though other countries like Sweden and the Netherlands show significant growth potential. Continued investment in technological advancements, particularly in areas like artificial intelligence and blockchain technology, will be crucial in driving further market expansion and refining service offerings. The forecast period from 2025 to 2033 anticipates continued growth, underpinned by factors like the expanding digital economy, increasing financial inclusion, and the ongoing development of innovative fintech solutions. Specific market segments, such as digital lending, are expected to witness particularly high growth rates due to the increasing demand for alternative financing options. However, the market's evolution is likely to be shaped by evolving regulatory frameworks, which will need to strike a balance between fostering innovation and ensuring consumer protection. Strategic partnerships and mergers & acquisitions are also likely to play a significant role in reshaping the competitive landscape and consolidating market share. The overall outlook for the European Fintech market remains overwhelmingly optimistic, promising significant returns for investors and transformative benefits for European consumers. Recent developments include: Mar 2022: Adyen, a global financial technology platform of choice for leading businesses, planned to expand beyond payments to build embedded financial products. These products will enable platforms and marketplaces to create tailored financial experiences for their users, such as small business owners or individual sellers. The suite of products will allow platforms to unlock new revenue streams and increase user loyalty., Jun 2021: Raisin and Deposit Solutions, two big German fintech startups and rivals, were planning to unite to form a pan-European group that will offer innovative, API-based B2B and B2C products in the savings and portfolio management areas. The company will keep its New York, London, Manchester, and Madrid offices open. Raisin DS will combine the best practices in B2B and B2C - 'every day' savings and investment products - to form a new enterprise.. Notable trends are: Favourable Regulatory Landscape is Driving the European Fintech Market.

Revolut experienced significant net profit growth between 2015 and 2024, albeit with significant fluctuations. In 2021, the challenger bank headquartered in London reported a net profit for the first time since 2015. The digital bank did, however, see its largest net profit growth in 2023 - it increased by more than ***** percent, to a net profit of about *** million British pounds.