Number of Revolut downloads worldwide 2025, by country
Founded in December 2013, Revolut is a London-based digital bank that has rapidly expanded its customer base. By November 2024, Revolut had reached 50 million customers, making it the largest European online bank. The platform is most prevalent in the United Kingdom and the United States, with growing presence in France, Spain, and Romania. Between March 2015 and January 2025, the Revolut app was downloaded over 15 million times in the UK, highlighting its significant market penetration.
Revolut's expanding customer base
Revolut has experienced remarkable growth in its customer base since its foundation, reflecting its success as a leading digital banking platform. In November 2024, Revolut announced that it had reached an impressive 50 million users, a significant leap from the 1.5 million customers it had in February 2018. This exponential increase underscores the platform's popularity and its effective strategies in expanding its user base. Continuing this upward trajectory, Revolut's customer base is forecasted to exceed 67 million by the end of 2025.
Is Revolut profitable?
Revolut's financial journey has been marked by significant complexity and evolution. After reporting its first annual profit in 2021, the digital bank experienced a notable profit decline in 2022. However, 2023 emerged as a breakthrough year, with net profits soaring to over 344 million British pounds - the most profitable period in the neobank's history. The substantial profit in 2023 signals a potential turning point for the digital banking platform, showing it can compete effectively with traditional banks and emerging fintech rivals.
