Revolut’s cofounders Nik Storonsky and Vlad Yatsenko took to the stage this afternoon in London to celebrate their nearly decade-long quest to reach 50 million customers globally, and the fintech’s straight-talking CEO gave his take on the milestone.
“It seems a lot, but it’s still small. There’s so many people in the world,” Storonsky said.
Revolut’s leadership team clearly has even loftier ambitions in mind. The fintech says they’re aiming to build the world’s first truly global bank. Its aggressive expansion plans include doubling their customer base to 100 million, and generating annual revenues of $100 billion. And that’s not all.
Revolut is also aiming to dominate the rankings of downloaded finance apps.
“We want to be not only number one in Europe in every single country, but also the U.S., Canada, Latin America and Asia. That’s the goal,” Storonsky said.
The London-based fintech can afford to be ambitious after securing a $45 billion valuation in a share sale by employees in August, and receiving U.K. bank license in July that should pave the way for further regulatory approvals in the U.S. and other markets. Revolut already has a European Union banking license.
Founded in 2015, Revolut operates a banking-like app that customers can use to deposit funds, make payments, and trade currencies, stocks and cryptocurrencies.
Revolut says that 2025 will be “bigger and better” as it rolls out a series of new products and services.
The fintech said it plans for next year include rolling out a new AI-powered assistant that’s designed to adapt to customers’ needs and preferences, and then guide them towards smarter money habits.
Revolut is also planning to launch its mortgage product in Lithuania, followed by Ireland and France. It will also begin rolling out branded ATMs that dispense cash and cards in Spain early next year.
Lastly, Revolut Business will bring its first business credit product to Europe and also plans to help companies manage their restaurant and store operations with Revolut Kiosk
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