Revolut, the global financial technology company today announced that it has hit 50 million customers globally, with more than 300K in Malta.
The company has reached the 50 million milestone at high-speed, growing by over 10 million customers in 2024 so far and becoming the most downloaded financial app in Europe. It follows a bumper year for Revolut, which in 2024 received a $45 billion valuation, was awarded a UK bank licence with restrictions from the PRA and announced its 2023 Group revenues had surpassed $2.2 billion with record profits before tax of $545 million.
Revolut said it has aggressive plans to continue to grow its customer base towards the 100 million milestone, while also rolling out new and innovative services to become the primary bank of choice for its customers.
This year in Malta alone, Revolut launched a few services for business owners including Revolut Reader, its first hardware device designed to allow merchants to accept payments anywhere, Flexible Cash Funds for Revolut Business customers, an investment product that allows companies to invest in money market funds and also Revolut BillPay, a feature that meets the growing demand for better business banking, allowing to save time managing and paying bills to suppliers with just a few clicks.
Nik Storonsky, CEO of Revolut, commented: “Revolut exists for one reason: to simplify money for everyone, everywhere. This year we’ve taken huge steps forwards – breaking records, accelerating the speed at which we’re launching products and continuing to disrupt financial services globally. We’re moving faster than ever because we know the opportunity to revolutionise global financial services for our customers is still massive.”
Later this week Storonsky will take to the stage at the company’s The Revolutionaries event in London to celebrate its 50 million milestone, speaking alongside co-founder and CTO Vlad Yatsenko and entrepreneur Steven Bartlett.
An exclusive event featuring revolutionary names across music, business, fashion, sport, gaming, travel and entertainment, The Revolutionaries will close with a headline performance from the iconic Charli XCX ahead of her sold-out UK tour.
New UK-based customers who sign up through The Revolutionaries landing page will be entered into a ballot for a chance to win tickets. For those outside of the UK or who are unlucky in the ballot, the event will be broadcast across YouTube and other streaming platforms.