The fintech company now has close to three million users, with 7,000 new accounts being opened every day.

In July, Revolut announced that it had reached one million customers in the UK.

It increased its revenue in 2017 from £2.4m to £12.8m, while monthly transaction volumes also increased from $200m (approximately £152.48m) to $1.5bn (approximately £1.14bn) in the same period.

Despite this, the fintech made an overall loss of £14.8m in 2017.

Revolut is now processing $3bn (approximately £2.29bn) in monthly volumes and has over 500 employees globally.

It is currently in the process of applying for a European banking licence, as well as working on its commission-free trading platform.

The fintech company is focused on expansion into international markets and increasing the size of its customer support team.

Nik Storonsky, founder and CEO at Revolut (pictured above), said: “…I’m really pleased that we were able to increase our revenue by [five times] and treble our customer numbers in 2017.

“Our growth is driven by putting the customer at the core of everything we do.

“In addition to offering the best spending analytics and cheapest foreign exchange on the market, our customers have come to trust that we will always innovate and disrupt the financial industry for their benefit, launching new and exciting products that’ll save them time and money,” Nik claimed.

“The customer is at the core of everything we do here, one of the key areas of investment this year will be in hiring and training even more customer support agents.

“While we doubled the number of our support agents last year and made our service 24/7, we’ll look to again double the size of the team this year, and we’ll be opening a new customer support centre in a new European city by the end of this year.”