Revolut is a British neobank and financial technology company that offers banking services. Revolut Bank UAB is licensed and regulated by the Bank of Lithuania within the European Union. Headquartered in London, it was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. It offers accounts featuring currency exchange, debit cards, virtual cards, Apple Pay, interest-bearing "vaults", stock trading, crypto, commodities, and other services. In 2020 Revolut expanded into Japan and the US and expanded its staff from 1,500 to 6,000. In November 2020 it was breaking even and, with a £4.2 billion valuation became the UK's most valuable fintech company. In January 2021 Revolut applied for a UK banking licence, but as of December 2022 the outcome was still awaited. A US$800 million funding round in July 2021 brought the company's valuation to US$33 billion, making it the most valuable UK tech startup at the time. More information...
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