#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).
Credit Suisse, Lehman Bros.
last round valuation
2024 - 2025 valuation forecast
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)