Revolut
| File:Revolut Logo.png | |
Type of site | Private |
|---|---|
| Available in | Multilingual |
| Founded | June 28, 2014[1] |
| Headquarters | London, |
| Founder(s) | Nikolay Storonsky, Vlad Yatsenko |
| Products | Debit card |
| Services | Travel money, currency exchange, peer-to-peer payments |
| Employees | 15+ (2016) |
| URL | www.revolut.com |
| Registration | Yes |
| Launched | July 1, 2015[2] |
Revolut is a travel money platform that includes a debit card, currency exchange, and peer-to-peer payments.[3] Revolut currently charges no fees for any of it services, and claims to use interbank rates for its currency exchange. Its debit card is provided by MasterCard.
The London-based startup was founded by Nikolay Storonsky and Vlad Yatsenko and currently supports ATM withdrawals in 90 currencies.[4]
The company is based in Level39, a financial technology incubator in Canary Wharf, London.
Services
Revolut provides the following functionality via its mobile app:
- Add funds to Revolut account via a debit card payment
- Foreign exchange between US dollars, UK pounds sterling, and Euros
- Peer-to-peer payments to other users with a Revolut account
Revolut provides the following functionality via its debit card:
- ATM withdrawals
- Spend funds with merchants which accept MasterCard
Company Funding
In July 2015 Revolut announced it had received £1.5 million in venture capital funding from a consortium which included Balderton Capital, Seedcamp, and Venrex Investment Management.
References
- ^ "Revolut company timeline". Crunchbase. Retrieved 11 January 2016.
- ^ "Revolut company profile". AngelList. Retrieved 11 January 2016.
- ^ Dillet, Romain (20 July 2015). "Revolut Raises $2.3 Million For Its Mobile Foreign Exchange Service". TechCrunch. Retrieved 11 January 2016.
- ^ "Revolut FAQ". Revolut. Retrieved 11 January 2016.