Revolut's 2024 Wrap Up

2024 has been absolutely wild for Revolut! 🤯

Here's a complete overview of their major milestones and achievements this year - from new licenses to global expansion.

Revolut's 2024: A Year of Transformation 🚀

Revolut reached 50 million customers across 38 markets in 2024, recording $2.2 billion in revenue and $545 million in profits. The company achieved a growth rate of one million new users every three weeks, leading to a $45 billion valuation in their latest share sale.

Key Regulatory Developments:

• Secured UK banking license after a three-year process
• Obtained banking license in Mexico
• Received PPI license from RBI in India
• Granted payment system entry code in Israel
• Applied for New Zealand banking license
• Progress toward Australian banking license

Global Market Expansion:

• Europe: Launched mortgages and invested €450 million in marketing
• France: Plans for physical branches, targeting 20 million customers by 2028
• Poland: Reached 3.5 million customers, integrated with BLIK payment system
• Italy: Hit 2 million users, launched personal loans
• Spain: Achieved 3.5 million customers, integrated Bizum
• India: Planning 2025 launch
• Middle East: Secured investment from Mubadala
• Colombia: Set for 2025 entry
• Brazil: Aggressive user acquisition campaign

Product Launches:

• Revolut X: Standalone crypto trading platform
• Mobile Wallets: Enhanced international transfer feature
• Global eSIM service
• BillPay: AI-driven business solution
• Revolut Invest: Standalone investment app
• Point-of-sale iPad application
• Crypto payment cards
• Personal loans in multiple markets

Corporate Developments:

• New global HQ announced in London (100,000 square feet, opening May 2025)
• $500 million secondary share sale
• Business banking revenue exceeded $500 million
• Partnership with Visa for instant card transfers
• Integration with MetaMask
• <18 App reached 2 million young customers

Market Performance:

• UK: 10 million customers
• Poland: 3.5 million users
• Italy: 2 million customers
• Spain: 3.5 million users
• Australia: Transition to own BSB system
• Singapore: Launched card vending machine

The company expanded its services across banking, investments, travel, and cryptocurrency sectors while maintaining its growth trajectory throughout 2024.

With their ambitious plans for India, Mexico, and the Middle East already in motion, 2025 is looking even more exciting!