Revolut Turns 7 with 20M Customers

British FinTech Revolut is celebrating its seventh year as a company by hitting a milestone of 20 million customers, 250 million monthly transactions, and a global workforce topping 5,000 employees.

“When we started Revolut seven years ago, we wanted to give people more control over their financial well-being through the use of our technology, offering a service that addresses all their financial needs in one place,” Co-Founder and CEO Nikolay Storonsky said in a press release emailed to PYMNTS on Thursday (July 14).

“We are still a young business, but our growth over the last few years shows the increasing demand for our products all over the world,” he said, adding that the company is still at the beginning of its journey and will keep “pushing the boundaries of financial innovation” as it strives to develop a worldwide superapp.

See also: Revolut Lets Some Customers Earn Rewards, Learn About Crypto

Over the past year, Revolut has expanded operations with new offices in New York, Tokyo, Madrid, Barcelona, Paris, Mexico City, Berlin, Budapest and Bucharest, with additional locations opening in Mumbai and Bangalore, India later this year, per the release.

Headquartered in London and founded in 2015 by Storonsky and CTO Vlad Yatsenko, Revolut offers money transfers, peer-to-peer payments, savings, investments and trading. The company recently started offering on-demand pay in the U.K. and personalized loans in Ireland, and offers services in 36 countries.

Read more: Revolut Teams With Stripe to Power International Growth

Revolut’s success has been buoyed by the help of collaborations with influencers over the past year such as Liam Payne, Anthony Joshua and Simon Wilson. The company’s social media following has grown to over 1.4 million, and it has most recently launched a TikTok account, according to the release.

Since launching in the U.S. in March 2020, Revolut has totaled close to a half-million active users, offering financial services to both retail and business customers, including banking, foreign exchange, crypto and stock trading.

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