Fintech Revolut nets one million UK customers ahead of global push

Jul 5, 2018 · bdaily.co.uk

O8iuvaad1kptztimzf92jrj0waemgzrvn4dhdojv

Digital banking business Revolut is celebrating a new eight-figure customer milestone.

The London fintech has today (July 5) reported signing up one million UK customers, saving them more than $330m in fees.

Revolut said it currently sees between 6,000 and 9,000 signups every day. Globally, the firm has 2.25 million customers, around 400,000 of whom use the banking platform on a weekly basis and 900,000 monthly.

Its customers have now made over 125 million transactions with a total volume of $18.5bn.

Nik Storonsky, founder and CEO of Revolut, said: "Whilst our organic growth has been exceptional, I believe that we’ve only reached 1% of our potential.

"Reaching one million UK customers is testament to the great product that we’ve built and the incredible savings we’ve offered our customers. However, we are always looking to improve. Our brand awareness is growing across Europe and we’re pressing ahead with global expansion, with launches in the United States, Singapore, Hong Kong, Australia and New Zealand all planned for later in the year."

Read Complete Article

RT @LDNconnectory: We have a special announcement... Our website is live! Read all about our space, find out what's going on and meet our…

We can stop violent crime - but it will mean investing in our young people, investing in our communities and invest… https://t.co/oE4GzubNLK

RT @SDL: 🎥 Watch our interview with Tech Week TV at The #AISummit where we introduced our Linguistic AI™ capabilities to the #AI community:…

An IT security salesman told me his software doesn't work https://t.co/QeO1VzM60U

Qualcomm's new Snapdragon 855 Plus is built for 5G, gaming and AI https://t.co/aC3xfJ8HSX by @stephcondoncbs

More in London