2024 Annual Report

The new benchmark

In 2024, even more people put their trust in us to help simplify all things money — powered by new products and services, and leading to record revenue and net profit.

Powered by people

A year in numbers, defined by our customers.

Your money’s safe space

You continued to place your trust in us with your deposits, as money held in customer accounts hit another record high.

$38B

In the UK, a new chapter

Revolut is now authorised with restrictions as a UK bank. We’re now in the mobilisation phase as we continue to build out our banking operations. During this period, nothing changes for our UK customers — and we operate as a licensed bank in 30 other countries worldwide.

Elevating, everywhere

The last 5 years have seen our upward trajectory continue — and as we hit record profits, the curve was at its steepest yet.

Revolut is for now, next — and beyond

All around the world, more and more people are using Revolut to simplify all things money.

We grew our credit portfolio to $1.2BWe grew our credit portfolio to $1.2B
New local IBANs in Italy, Romania, and GermanyNew local IBANs in Italy, Romania, and Germany
Number of families using Revolut <18 grew by 50%Number of families using Revolut <18 grew by 50%
Customer support resolution times have reduced by 80%Customer support resolution times have reduced by 80%
We grew our credit portfolio to $1.2BWe grew our credit portfolio to $1.2B
65% of customers joined organically or by referral65% of customers joined organically or by referral
Paid plan use grew 45%Paid plan use grew 45%
We grew our credit portfolio to $1.2BWe grew our credit portfolio to $1.2B

Two in a million

In 2024, customers using our Joint Accounts passed the 1 million mark.
Savings, on demand
Global reach, meet local payments

Protected in 2024 alone

Powered by a dedicated, 24/7 financial crime team, we estimate that Revolut customers were protected from more than $800 million in potentially fraudulent transactions.

$800M+

Beyond business as usual

Revolut Business cemented its position as one of Europe's largest B2B digital banking players — continuing to help companies all over the world scale, save, and spend with precision.

Revenues hit $590M+Revenues hit $590M+
A 56% increase in monthly active businessesA 56% increase in monthly active businesses
Volume of payments tripled year-on-yearVolume of payments tripled year-on-year
Revenues hit $590M+Revenues hit $590M+
New local business IBANs in Spain and NetherlandsNew local business IBANs in Spain and Netherlands
1.2 million people settled up using Revolut Pay1.2 million people settled up using Revolut Pay
New local business IBANs in Spain and NetherlandsNew local business IBANs in Spain and Netherlands

Our biggest business re-design yet

Meet Revolut Business 5. Our customers can now find features faster, spend with precision, and manage payments easily for full financial control and efficiency.

This is what a dream team looks like

‘Never settle’ isn’t just a buzz phrase for our global, remote-first teams.

UK’s 2024 Best Employers list from Financial TimesUK’s 2024 Best Employers list from Financial Times
UK’s 2024 Best Employers list from Financial TimesUK’s 2024 Best Employers list from Financial Times
New office in Canary Warf’s YY London buildingNew office in Canary Warf’s YY London building
We received 1.6M job applications in 2024We received 1.6M job applications in 2024
Highest ever employee retention rate in 2024Highest ever employee retention rate in 2024

The app 52.5 million customers use worldwide

  • 4.9 on Apple App Store and 4.8 on Google Play
    4.9 on Apple App Store and 4.8 on Google Play
  • 4.4 out of 5 on Trustpilot
    4.4 out of 5 on Trustpilot
  • Most Innovative Company in Personal Finance 2024
    Most Innovative Company in Personal Finance 2024
  • Best Current Account 2023 & 2024
    Best Current Account 2023 & 2024
  • Most Price Competitive Bank for Young Adults 2023 & 2024
    Most Price Competitive Bank for Young Adults 2023 & 2024
  • Business Banking Customer Satisfaction 2024
    Business Banking Customer Satisfaction 2024

A message from our founders

2024 was another landmark year for Revolut — redefining the expectations of what it means to be a truly global bank, while still feeling local.

With products that continue to attract record numbers, and a diversified business model fuelling exceptional financial performance, we’ve cemented our status as Europe’s most valuable private technology company.

We sincerely thank our employees, investors, and customers for the dedication and support — and remain committed to our mission to simplify all things money, for everyone.



— 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.

¹For Flexible Cash Funds: Capital at risk.

Flexible Cash Funds is an investment service through which you can invest in money market funds. The value of investments can go up as well as down and you may receive less than your original investment or lose the value of your entire initial investment. Returns change daily and may move in an unfavourable direction. Past performance and forecasts are not a reliable indicator of future results. Currency rate fluctuations can adversely impact the overall returns on your original investment. For Business customers, Flexible Cash Funds is only available on Grow, Scale and Enterprise plans.

Don't take unnecessary risks. Read the key information document which is available in the app. It states that the risk of this product is very small, namely 1 on a scale of 7.

Further information can be found, for retail, in our Flexible Cash Funds FAQ and Invest FAQ and for business, Flexible Cash Funds FAQ. Detailed information about risks is available on our Risk Disclosure and about fees in our money market funds Ex-ante Costs & Charges Disclosure. Read the Key Information Document and the Prospectus which are available in the app. T&CS apply.

Investment services in the European Economic Area and in Switzerland are provided by Revolut Securities Europe UAB (company code: 305799582, registered address: Konstitucijos ave. 21B, Vilnius, the Republic of Lithuania, LT-08130) which is an investment firm authorised by the Bank of Lithuania and represented in Switzerland by Revolut (Switzerland) AG.

Information contained herein is not a personal recommendation, investment advice or offer to take any investment decision, therefore you must carefully consider your financial situation, review relevant documents and information or seek professional independent advice before entering into financial transactions or subscribing to new investment services.