Revolut's number of customers: from 50 million to 70 million, and counting

• We’ve officially surpassed 70 million Revolut customers globally — up from our 50 million in November 2024
• We added 16 million new customers in 2025, well on our way to reaching 100 million customers by mid-2027
• We posted $6 billion in revenue in 2025 (up 46% year-on-year), $2.3 billion in profit before tax, and reached a $75 billion valuation
• We now operate in over 40 countries, working towards our goal of going live in 100 countries
• We’ve continued to grow in key markets, including 13 million customers in the UK, 6 million in Spain, and 5 million in France

When we hit the 50 million customer milestone in late 2024, Antoine Le Nel, Chief Growth and Marketing Officer, sat down for an episode on the Revolut Insider podcast to reflect on the milestone, explain what drove it, and share why leadership considers 50 million a "small number". Much of what he said then is even more relevant now — with 70+ million people using Revolut, and more joining each day.

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A timeline of our customer growth

More people are turning to Revolut to simplify all things money. Here’s a quick rundown of our rapid and consistent customer growth over time:

• February 2018 — 1.5 million customers
• October 2019 — 7 million
• February 2021 — 15 million
• November 2022 — 25 million
• October 2023 — 35 million
• November 2024 — 50 million
• September 2025 — 65 million
• January 2026 — 70+ million

It took Revolut roughly 4 years to go from 1.5 million to 15 million customers. It took just over 1 year to grow from 50 million to 70+ million.

How Revolut reached the 50 million customer milestone

Le Nel was direct about what has powered the Revolut number of customers to this point: "First of all, we have the best product in the market. It all starts and ends with the product, especially in the early days. I think we've grown organically a lot as well. Word of mouth is impressive. Our best ambassadors are our customers. They love our product, they love talking about our product".

That product-first philosophy has been constant throughout every phase of our growth, from the early days as a travel-focused currency exchange app to the ultimate financial account we offer today. Revolut is for people who want more from their money. They can spend, send, save, manage their daily finances, and work towards their future.

Why Le Nel called 50 million a "small number", and why 70 million still is

When asked how reaching 50 million customers should inspire Revolut to think bigger, Le Nel said: "It's very simple. You think 50 million is a lot? Actually, it's very small. It's a small number. I think everyone should capture the fact that no one should be amazed with the numbers we have because they are still very small".

He explained this in 2 ways.

First, European penetration remains early-stage in most markets: "If you look at Europe, we have a few countries where the penetration is good — Ireland, Malta, Cyprus, Romania, and the UK. But this is a very small part of Europe. We have tremendous growth happening right now in Spain, in Italy, in France. We are working on cracking Germany, and we have so many places like that. Poland as well has a huge potential. So you see that we are at 50 million while we're just scratching the surface in some of the core markets".

Second, Europe itself represents a small fraction of the global opportunity: "Europe might look big when you are in Europe. If you zoom out, you realise that Europe is a very small place on Earth. It's only 500 million people out of 8 billion, so it's only 7% of the population. From the 100 million customers that we should be able to get in Europe, you can 10x it. You can 10x it by going global".

Le Nel's reasoning at 50 million applies even more forcefully at 70+ million. We’re just scratching the surface.

The "snackable" product: why our customer growth is accelerating

Le Nel used a memorable analogy to describe what makes Revolut different from a traditional bank — and why customer growth tends to compound over time.

"I often use this analogy of a snackable product, which I think is a critical competitive advantage. Our app is so deep, so broad, that maybe a customer is interested in exchange because they're going on holiday. Maybe someone is in for the savings. So they may come through just one entry point, try a snack, but move from one snack to the other".

Le Nel compared this to how some traditional banks think about growth: "That's where the approach of Revolut is so different to most traditional banks where they think about 'I acquire you, now you need to bring your mortgage, bring everything.' We're not in this mindset. With Revolut, you take the time you need. You discover the products we have. You see what makes sense for you. And then it's a journey that should get us all the way to primary banking. And then people will finally realise that they don't actually need any other bank".

The numbers support this. Total customer balances reached $67.5 billion in 2025, a 66% increase year-on-year — growing faster than the customer base itself. Existing customers are trusting Revolut with more of their money over time, exactly the trajectory Le Nel described.

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The road to 100 million customers

When asked about the future, Le Nel outlined 3 priorities that continue to define our roadmap today.

Expanding credit and banking products: "On the credit side, there's more that we need to deliver to our customers. Mortgages, being obviously the elephant in the room. I think there's the whole credit suite — credit cards, overdrafts — that we can keep on expanding". We've since begun mortgage testing in select European markets and are rolling out credit products in line with our expanding banking licences.

Deeper localisation: "While we have a global platform, within the financial world there are some specific products in specific countries, whether it's ways of transferring money, peer-to-peer solutions. I think we can do more from a localisation perspective". From Spanish IBANs to Mexico's domestic payment rails, we've been progressively adapting our platform to local financial habits in each market.

Beyond banking: "This is what makes the power of Revolut — that we don't only think about banking. It's about banking and beyond".

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The bottom line

Nik Storonsky, CEO and Co-Founder of Revolut, commented: "Our mission has always been to simplify money for our customers, and our vision to become the world's first truly global bank is the ultimate expression of that".

With a firm target of 100 million customers by mid-2027 and ambitions to operate in 100 countries, we're making clear that 70 million was never the destination. As Le Nel said when we were at 50 million — and it's even more true now. We’re just getting started.

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