# Revolut
---
Who / What
Revolut is a British multinational **neobank** that provides digital banking services, including multi-currency accounts, instant transfers, and financial tools for both personal and business users.
---
Background & History
Revolut Group Holdings Ltd, founded in **July 2015**, was created by entrepreneurs **Nik Storonskiy** and **Vlad Yatsenko**. The company emerged as a response to the limitations of traditional banking systems, offering innovative financial technology solutions. Early growth saw rapid expansion into European markets before expanding globally. By 2025, Revolut had become one of the largest fintech firms in the world.
---
Why Notable
Revolut’s success stems from its **global reach**, operating in over **48 countries** with **65 million customers**. Its valuation at **$75 billion (as of November 2025)** positions it as a major player in the fintech industry. The company has disrupted traditional banking by offering low-cost, user-friendly financial services, particularly appealing to younger demographics and international users.
---
In the News
As of late 2024–early 2025, Revolut continues to expand its market dominance with strategic acquisitions (e.g., **Monzo in 2023**) and partnerships. Its rapid growth has drawn regulatory scrutiny, particularly regarding compliance with financial regulations in key markets like the EU and UK. The company’s innovative approach remains a focal point for discussions on digital banking evolution.
---
Key Facts
---
