Revolut’s Rapid Rise: Growth, Acquisitions & Global Ambitions

Since its founding in 2015, Revolut has transformed from a simple travel-card provider into a full-blown “financial super-app,” offering international money transfers, multi-currency accounts, cryptocurrency trading, budgeting tools and even travel insurance—all within one mobile interface. Today, it serves over 52 million customers worldwide and posted £438 million (US$532 million) of profit in 2024 despite navigating complex regulatory and compliance challenges.

As CEO Nikolay Storonsky—formerly a derivatives trader at Credit Suisse and Lehman Brothers—puts it, “I just want to click a button and know that the product I’m using is the best”.

Revolut: A Sustainable Profit Engine

By December 31, 2024, Revolut achieved its fourth consecutive year of net profitability—a rare feat among scale-hungry fintechs. In FY 2024 it delivered:
• $4 billion in revenue (↑ 72 % YoY)
• $1.4 billion profit before tax (↑ 149 % YoY)
• $1.0 billion net profit (26 % net margin)

Diversified Product Ecosystem

Revolut’s relentless addition of new services underpins both engagement and monetization:
• Wealth management (£520 million) up nearly 300 %
• FX & Crypto trading (£435 million) up 58 %
• Card payments (£714 million) up 43 %
• Premium subscriptions (£436 million) up 74 %
• SME business banking (£478 million; +56 % active businesses)

Strategic M&A & Market Entry

Revolut has accelerated its global footprint through targeted acquisitions and licences:
• Bought Cetelem Argentina from BNP Paribas to anchor its Latin American expansion
• Acquired India’s Arvog Forex to bolster remittance and multi-currency rails
• Secured a PPI licence from RBI to power prepaid cards and UPI wallets ahead of its India launch

Innovation at the Core

Staying ahead of both banks and challengers, Revolut has rolled out:
• An AI-driven financial assistant for personalized money advice
• ATMs that bridge the gap between digital and cash
• A fully digital mortgage platform streamlining home-loan approvals

What’s Next?

With a current valuation of $48 billion and ambitions to reach $150 billion, Revolut’s roadmap targets:
• 100 million daily active users in 100 countries
• Deeper embedding of embedded finance—BNPL, insurance, savings
• Cross-border payment rails that feel as seamless as domestic transfers

Revolut’s journey proves that a digital-first model can scale profitably while continually expanding its product universe and global reach. As it pushes into new markets and services, it’s not just challenging banks—it’s redefining what a borderless, tech-led financial institution can be.

Also Read:

2025 Digital Payments in India: Growth, Inclusion, and Road Ahead

Seamless Fintech Dubai 2025: The Future of Digital Finance Unfolds

Forbes, “In Their Own Words: ‘I just want to click a button…’ — Nik Storonsky,” 2025.