Revolut is an app-based payment solution that allows users to make domestic and international fund transfers to both Revolut and non-Revolut users. It also allows users to make online and in-store payments, as well as cash withdrawals at ATMs using Visa- and Mastercard-branded Revolut prepaid cards.
In addition, Revolut allows users to apply for personal loans through the app. Successful applicants receive the money instantly in their Revolut account. Credit is provided by P2P lending company Lending Works. Revolut is not a lender, and acts as a representative of Lending Works.
The company is further expanding its product portfolio, and applied for a banking license in November 2017. In December 2017, Revolut introduced a new feature allowing users to buy and hold cryptocurrencies including bitcoin, litecoin, and ethereum within the app. Users can also transfer these digital currencies to other Revolut users. Revolut allows users to top-up their Revolut account in nine currencies using multiple payment methods, including bank transfers; Mastercard, Maestro, and Visa debit and credit cards; and Apple Pay and Android Pay. Revolut also acts as an insurance intermediary offering travel and device insurance products.
Launched in 2015 in the UK, Revolut is now available in 32 countries. It is backed by well- known investors including Index Ventures, Balderton Capital, and Ribbit Capital.
The report provides information and insights into alternative payment solution Revolut, including:
- Detailed insight into its business and geographical presence
- Comprehensive coverage of its products and services
- Comparative assessment with key alternative payment solutions
- Information on its performance, including its revenue model
- The company's important events and milestones.
- In July 2015, Revolut was launched in the UK, allowing users to make domestic and international fund transfers.
- Users can transfer money in 26 currencies to banks around the world as well as make payments in 120 currencies with a Revolut card.
- In December 2017, Revolut introduced a new feature allowing users to buy and hold cryptocurrencies including bitcoin, litecoin, and ethereum within the app.
- In March 2018, Revolut introduced disposable virtual card for premium users. The cards details are changed automatically after the completion of each transaction.
- Gain insights into Revolut's business operations, and key events.
- Gain insights into its product portfolio and revenue model.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
- Historic Milestones
- Performance Highlights
- Revenue Model
- Products & Services
- Significant Events