Revolut hits 30m retail customers

Global fintech app Revolut has just soared past 30 million retail customers.

Counting nearly seven million customers in the UK alone (6.8 million), the app is now processing more than 400 million transactions per month, up from 350 million per month in November.

Revolut has added five million customers since last November, with a particular growth spurt in the UK where it has added more than 1.2 million customers in the last six months.

“Revolut is growing at almost one million customers per month,” Revolut co-founder and CEO Nik Storonsky said. 

“This is a fantastic achievement for the company and reaching 30 million customers is another important milestone we are immensely proud of as we continue to grow and scale at pace.” 

Since November the fintech has also seen significant growth in Romania, with half a million new customers, as well as in Poland, Spain and France which have all seen more than 400,000 new customers join.

The milestone for Revolut comes amid speculation surrounding its long-standing battle to win a banking licence in the UK and following the exit of a number of its senior leaders, including its chief financial officer Mikko Salovaara.

Meanwhile there are fears that the UK’s “extreme bureaucracy” will cause Revolut — still Europe’s most valuable startup — to take its business, and rapidly growing customer base, elsewhere.