Revolut has reached the milestone of 10 million customers in the UK, its largest market.
The London FinTech, founded in 2015, has added nearly 2m UK customers so far in 2024 and has more than 45m customers globally.
In August it signed agreements with a group of leading technology investors to provide liquidity to employees through a secondary share sale at a $45 billion (£34bn) valuation.
“Today’s announcement is a tremendous achievement for Revolut,” said Francesca Carlesi, CEO of Revolut UK.
“Ten million customers across the UK makes us one of the largest payments businesses in the market, and we are incredibly grateful to our growing customer base, who continue to use Revolut more and more.
“The UK is our home market, and is the base for the company’s wider global expansion plans. As we work towards launching the bank in the UK in the coming months, we will continue to offer products and services that improve the financial lives of everyone who uses Revolut.”
In July, Revolut received its UK banking licence with restrictions from the Prudential Regulation Authority and also announced the appointment of Fiona Davies as head of growth for UK, Ireland and Nordics.
In June it revealed plans to move its global headquarters to the YY London building in the centre of Canary Wharf, committing to a 10-year lease.
The firm’s 2023 revenues reached £1.8bn – a 95% jump in turnover compared with the previous year – while profit before tax topped £438m.