Revolut
From a fee-free FX card in Canary Wharf to a 50M-user global super-app; the UK license took nine years.
50M+ users; crypto trading; stablecoin in FCA sandbox 2026.
- Who holds it
- The company itself — it holds a full banking licence — UK banking license (2024); EU license (Lithuania).
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Revolut’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | hybrid |
| AI | AI assistant as the interface |
| HQ | London, UK |
| Founded | 2015 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | UK banking license (2024); EU license (Lithuania) |
| Card | Visa/MC · Debit + credit |
| Cashback | Perks by tier |
| Yield | Savings vaults |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | Europe, North America, Oceania, Asia, Latin America |
| Countries | United Kingdom, Ireland, France, Germany, Spain, Italy, Poland, Romania, Lithuania, Netherlands, Portugal, United States, Australia, Singapore, Japan, Brazil, New Zealand, Switzerland, Mexico, India |
| Reported users | 50M customers (2025) |
| Founders | Nik Storonsky, Vlad Yatsenko |
| Funding | ~$2B raised; val ~$75B |
| Services | crypto on-ramp · crypto off-ramp · fiat pay-in (bank rails) · fiat pay-out (bank rails) · own IBAN / account no. · multi-currency hold · virtual cards · crypto-settled card |
| FX markup | Interbank rate; free to £/$1,000/mo on weekdays, 0.5% over; +1% weekend markup (2026-07) · source ↗ |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @RevolutApp ↗
Common questions about Revolut
What is Revolut?
Revolut is a fiat-and-crypto neobank, headquartered in London, UK and founded in 2015. Your money is held custodially, so Revolut or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (UK banking license (2024); EU license (Lithuania)).
Does Revolut have a card, and where can you use it?
It issues a Visa and Mastercard debit and credit card. It is available in 20 countries, across Europe, North America, Oceania, Asia and Latin America.
Does Revolut require KYC?
Yes. Revolut requires identity verification (KYC) to open an account, as a licensed bank.
What does Revolut cost?
From the verified fields: FX abroad — Interbank rate; free to £/$1,000/mo on weekdays, 0.5% over; +1% weekend markup (as of 2026-07); cashback Perks by tier; yield Savings vaults. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Revolut before relying on them.
Early investors
Head-to-head
Revolut vs N26 · Revolut vs Wise · Revolut vs Monzo · Revolut vs bunq · Revolut vs Qonto · Revolut vs Xapo Bank
Peers
Cash App · Mercado Pago · Mogo · Venmo · Robinhood · Crypto.com
Revolut appears in
Neobanks that hold their own banking license (132) · Neobanks available in North America (126) · Neobanks available in Europe (144) · Neobanks available in Asia (132) · Neobanks available in Oceania (72) · Neobanks available in Latin America (113) · Neobanks that issue a Visa card (182) · Neobanks that issue a Mastercard (150) · Neobanks in United Kingdom (29)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.