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Revolut - Competitor Profile

December 2020 | 28 pages | ID: R336505C3C55EN
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Revolut - Competitor Profile

SUMMARY

Revolut is a fintech and digital-only bank that allows users to make domestic and international fund transfers to both Revolut and non-Revolut users. It also allows users to make online and in-store payments, as well as cash withdrawals at ATMs using Visa%li%and Mastercard-branded Revolut cards. In December 2017, Revolut introduced a new feature allowing users to buy and hold Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and Ripple cryptocurrencies within the app. Users can also transfer these digital currencies to other Revolut users. In August 2019, it launched regular stock-trading services, allowing customers to buy stocks from stock exchanges including NASDAQ and the New York Stock Exchange. It also acts as an insurance intermediary to offer travel and device insurance products.

Revolut allows users to top up their Revolut account in 28 currencies via bank transfers, in 18 currencies using payment cards and Google Pay, and in 14 currencies using Apple Pay. Launched in 2015 in the UK, Revolut is now available in 35 countries. In December 2018, Revolut received a European banking license, and in May 2020, the company launched a licensed bank in Lithuania. Most recently, in September 2020, it launched its services in Japan, following its US expansion in March 2020. These launches were backed by well-known investors including Index Ventures, Balderton Capital, DST Global, and Ribbit Capital.

The report provides information and insights into Revolut including -
  • Detailed insight into its business
  • Comprehensive coverage of its products and services
  • Comparative assessment with key alternative payment solutions
  • Information on its performance, including its revenue model
  • The company's important events and milestones
SCOPE
  • In July 2015, Revolut launched in the UK.
  • In December 2018, Revolut received European banking license from the European Central Bank.
  • In May 2020, Revolut launched a licensed bank in Lithuania.
  • In October 2020, Revolut partnered with digital assets platform Fireblocks, enabling Revolut to introduce new crypto services using Fireblocks’ network infrastructure and multi-party computing-based wallet.
REASONS TO BUY
  • Gain insights into Revolut's business operations and key events.
  • Gain insights into its product portfolio and revenue model.
  • Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
Overview
Payments Benchmarking
Banking Benchmarking
Performance Highlights
Revenue Model
Funding
Partnerships
Technology Focus
Products & Services
Significant Events
Key Employees
Appendix

COMPANIES MENTIONED

Revolut
Travelex
N26
Starling Bank
Visa
Mastercard
Apple Pay
Google Pay


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