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%Customers on paid plans increased by 41%
Monthly active customers increased by 47%Monthly active customers increased by 47%
Transaction volume surged by 73%Transaction volume surged by 73%
Customers on paid plans increased by 41%Customers on paid plans increased by 41%
No. of parents and kids using Revolut <18 grew by 67%No. of parents and kids using Revolut <18 grew by 67%
Over 70% of new customers joined organically or through referralsOver 70% of new customers joined organically or through referrals
No. of parents and kids using Revolut <18 grew by 67%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.
Rev10, our biggest re-design yet
Ultra, our ultimate plan
Roam like a local with e-sim
Go places with RevPoints
Group chat to split bills with friends

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+ countriesJoint accounts hit 30+ countries
We’re a bank in 30 European countriesWe’re a bank in 30 European countries
Credit products in 9 countriesCredit products in 9 countries
Robo-Advisor for investments launched in the US and EuropeRobo-Advisor for investments launched in the US and Europe
Joint accounts hit 30+ countriesJoint accounts hit 30+ countries
New local IBANs in France, Spain, Ireland, and the NetherlandsNew local IBANs in France, Spain, Ireland, and the Netherlands
Money Market Funds in 22 countries, with a balance reaching $1.8B+Money Market Funds in 22 countries, with a balance reaching $1.8B+
Joint accounts hit 30+ countriesJoint 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

  • Fast Company World's Most Innovative Companies 2024
  • FS Tech's Consumer Finance App 2024
  • Cashless PL's Revolut Ultra Card of the Year 2023
  • Money Vox's Most Price Competitive Online Bank for Young People 2024
  • iCXA's Gold Award for Best Use of Customer Insight and Feedback 2023

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

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Results for Revolut Group Holdings Ltd. All product availability depends on customer’s country of residence. T&Cs Apply.