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News > Fintech

Revolut launches savings platform for friends and family

Sam Monk | 14:35 Thursday 23rd May 2019

Revolut has launched Group Vaults, a platform that enables customers to save with family and friends towards a common goal.

Customers will be able to pay into the savings platform at any time by rounding up spare change, making a recurring payment or adding a one-off contribution.

Over one million Vaults — Revolut’s initial savings feature — have been created since it was launched in April 2018.

“After the huge success of our Vaults feature, we’ve been inundated with requests from thousands of customers in our community asking for an easier way to save together with family and friends,” said Ed Cooper, head of mobile at Revolut.

“Group Vaults are the payments equivalent of a group chat — easy to create, easy to join, easy to leave and easy to close. 

“We can’t wait to see what people do with them.”

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