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News > Fintech

Revolut hits one million UK customers

Martin Greenland | 12:30 Thursday 5th July 2018

Revolut has announced plans to expand globally having signed up one million customers in the UK and saved them over $330m in fees.

The London-based fintech is now signing up between 6,000 and 9,000 new customers every day and has 2.25 million customers worldwide.

Some 400,000 customers actively use Revolut on a weekly basis, while 900,000 are active monthly users.

They have made over 125 million transactions to date with a total transaction volume of $18.5bn.

Revolut has plans to launch in the United States, Canada, Singapore, Hong Kong, Australia and New Zealand within the next few months.

Nik Storonsky, founder and CEO at Revolut (pictured above, right), said that while its organic growth had been exceptional, he believed that it had only reached 1% of its potential.

“Reaching one million UK customers is testament to the great product that we’ve built and the incredible savings we’ve offered our customers. 

“However, we are always looking to improve. 

“Our brand awareness is growing across Europe and we’re pressing ahead with global expansion.

"I don’t believe in financial borders at the expense of consumers. 

“The world is becoming more interconnected and financial companies should be adapting to this. 

“People should be free to spend and transfer money globally without incurring fees and waiting days."

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