Revolut brand value 2020-2022

In 2021, the brand value of neobank Revolut jumped from around 820 million to an estimated 4.74 billion U.S. dollars. This valuation marked a year-on-year boost of nearly 480 percent, making Revolut the fastest-growing UK brand worldwide.

Revolut brand profile

Revolut is a London-based financial technology (fintech) company offering online banking services. The business was founded in 2015 and has since expanded to other global markets, including the United States and Japan. Based on the latest reports, Revolut boasted an estimated 18 million customers as of mid-2022, making it the largest online-only bank in Europe. The company has also received more than 1.7 billion U.S. dollars in funding, earning it the title of Europe’s highest funded neobank and a top spot among the region’s most exciting new venture capital unicorns.

What are neobanks?

What makes Revolut stand out from traditional banking behemoths such as Barclays or HSBC is that the company provides its financial services exclusively online via app. Other prominent online banks, neobanks, or digital disruptor banks, as they are also referred to, include Berlin-based N26 and São Paulo-based Nubank, which became the most highly valued independent neobank worldwide in 2021. None of these companies have physical branch locations, allowing them to save operational costs and offer their customers lower fees in return. This mobile-first approach is rapidly transforming the global financial sector, and customers are not shying away from digital change.