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#FinTech #Neo Bank #Challenger Bank

Revolut is well-positioned as one of the largest global neo banks with a wide range of services, including mobile banking, card payments, money remittance, cryptocurrency trading, foreign exchange, brokerage and insurance services. The main market is UK (88% revenue in FY2020), currently expanding into 36 countries with more than 18 million customers worldwide. Revolut has a specialized European Union (EU) banking license (2018) and has been granted a full banking license by the European Central Bank (ECB) (2021). Applications for a UK and US banking license have been made (2021)

Revolut

  • 6x valuation growth in 2021: the fastest growing of TOP-10 neo banks in 2021

  • >2x revenue growth in 2021 and 2022 (expected)

  • TOP-2 global neo bank by valuation in 2021 ($33 bn)

  • Soaring customer dynamics in 2018-2021:

    • 73% CAGR of retail customers (18 m in 2021)

    • 103% CAGR of business customers (500 k in 2021)

  • 20% growth of personal customers (18 m in 2021, 15 m in 2020)

  • $1.7 bn total funding by top-notch global investors: SoftBank, Tiger Global, Index Ventures, Balderton Capital

  • The product and geographic expansion: ECB license (Dec 2021), a certified broker status in the US (Sep 2021) and Australia (Feb 2022), Forex License and entering the Indian market (Feb 2022)

COMPANY OVERVIEW 

UK 
London

2015 
founded

Nik Storonsky
Credit Suisse, Lehman Bros.

FINANCIALS 

$1.7 bn
total funding

$800 m 
Series E

July 2021
last round

VALUATION

$33 bn
last round valuation

2.4x  
valuation growth

$80 bn
2024 - 2025 valuation forecast