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 @StartupGrindLD: Our health is very important. Yet, government worries more about health-care than health-prevention. How can technology…

A no-deal #Brexit would harm London’s economy and it’s my job as Mayor to stand up for Londoners – we need a public… https://t.co/yvTSZ3xjLm

The London Tech Week Schools Competition is live! Open to students across the capital to help solve London's proble… https://t.co/qavFLHv7Yc

Robert Armstrong: My great-uncle was my hero — a fearless reporter who covered Mussolini and Peron's regimes. But w… https://t.co/vsotLj8gOL

Financial confusion holds back SMEs💸 https://t.co/lru1lmKbFA