New Startup: Revolut

Posted on: Saturday, November 25, 2017

Have you heard of Revolut? It is a new startup company that launched in 2015 in England and Wales. They dub themselves a company that creates a world beyond banking. Users can create a free account in just minutes if they are using GBP or EUR. So let’s take a look at some of the things they offer!

The main goal of the company is to connect users internationally, by offering free global ATM withdrawals, as well as free money exchange in 25 different countries. They want to encourage international travel and allow users to spend abroad without fees, thanks to their Mastercard. The company also wants to provide easy to use, daily applications for users. This includes things as simple as money transfers, budgeting, and splitting bills.

On top of all this, Revolut also offers incredible customer support services and next generation security. They have two different account levels, a free standard account as well as a premium account for a monthly fee.

Now, two and a half years after it’s launch, the company has accumulated over 1 million customers across Europe. Since the launch date, Revolut claims to have saved users over $160 million in FX fees, compared to traditional bank accounts.

Some other interesting stats? The company is acquiring customers at a rate of over 3,000 per day, and these users have made a cumulative total of 4.2 million transactions.

It’s definitely one to check out!

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