Annual Report 2023

Bigger, better, faster, stronger

Thanks to the trust of our customers, we hit new heights in 2023 — from new products and services, to record revenue and net profit.

More customers, more products, more markets

This is what our growth story looks like.

use Revolut to date — with 1M people joining every month in 2023
by downloads in 11 countries (and hitting the top 3 in another 21)
New additions? New Zealand (Kia ora!) and Brazil (Olá!)
a 95% increase, year-on-year
making us net profitable for the third year in a row
on the team as of April 2024

Onwards and upwards

Our trajectory over the last five years — and why we’re so excited for the next five, too!

Your money, in safe hands

You trusted us with what matters, as money held securely in customer accounts hit new heights.

$22B+

Revolut is for everyone, every day

All around the world, more and more people are using Revolut for their everyday needs.

Customers on paid plans increased by 41%

Monthly active customers increased by 47%

Transaction volume surged by 73%

Customers on paid plans increased by 41%

No. of parents and kids using Revolut <18 grew by 67%

Over 70% of new customers joined organically or through referrals

No. of parents and kids using Revolut <18 grew by 67%

Rev10, our biggest re-design yet

It’s smooth. It’s intuitive. And it’s more than easy on the eye. Our customers can now view all their money in one place, switch accounts in a tap, and so much more.

Ultra, our ultimate plan

We launched a one-of-a-kind, top-end plan. Available in the UK and Europe, members get perks worth $5,000+ in annual benefits, along with a platinum-plated card, and more.Fees and paid plan T&C’s apply

Roam like a local with e-sim

Our customers in the UK and Europe can now access eSIM directly from their app. A cost-effective way to access data plans in over 100 countries — without unexpected roaming charges.T&Cs apply

Go places with RevPoints

Our customers can now earn points on their every day spend — then put them towards that next dream trip. Now available in 7 countries, with many more to come.T&Cs apply

Group chat to split bills with friends

Two-thirds of us find discussing money difficult. So we launched group chats, making bill-splitting even easier — leading the way for finance apps in the UK and Europe.

The main account for more people

Trust isn’t given, it’s earned. Thanks to a whole host of new financial products, 68% more people use Revolut as their primary account, compared to 2022.

Joint accounts hit 30+ countries

We’re a bank in 30 European countries

Credit products in 9 countries

Robo-Advisor for investments launched in the US and Europe

Joint accounts hit 30+ countries

New local IBANs in France, Spain, Ireland, and the Netherlands

Money Market Funds in 22 countries, with a balance reaching $1.8B+

Joint accounts hit 30+ countries

Safe even when you're sleeping

24/7 support, a cutting-edge fraud prevention system, and a team of 200+ fraud specialists, former law enforcement, and data scientists. That's how our customers saved $590M+ in potentially fraudulent transactions in 2023 alone.

$590M+

We carried on winning awards, too

A message from our founders

Consumers want cutting-edge, intuitive financial solutions that remove the friction between them and their financial goals. Every day, our innovative financial products create value for new customer segments and new global markets. We thank our customers for their trust and support in our vision and continue to work towards becoming their primary financial services provider, simplifying all things money for the world. - Nik & Vlad