Revolut estimated customer growth 2018-2025

Revolut experienced significant customer growth between 2018 and 2024, reaching 50 million customers in November 2024. If the neobank maintains its current growth trajectory, projections suggest it could expand to over 67 million customers by December 2025. While the United Kingdom remains its primary market with approximately 10 million users, Revolut download figures indicate strong popularity in Romania, France, and Poland.

Scaling up: Revolut's journey to 50 million users

In February 2018, the London-based neobank Revolut reported 1.5 million customers, a number that grew to three million by November of the same year. By September 2019, Revolut had reached eight million customers, a figure that more than tripled to over 25 million by November 2022. The company's rapid expansion continued, with its customer base increasing by 10 million in just 11 months between November 2022 and October 2023, reaching 35 million customers. By March 2024, Revolut's customer base had grown to 40 million, and by November 2024, the company celebrated hitting the 50 million customer milestone. Parallel to this explosive customer growth, Revolut also experienced significant financial improvement, with its revenue nearly doubling in 2023.

Funding of banking fintechs

For several years, fintech banking startup investments surged, with funding often doubling annually - a trend particularly evident in 2017 and 2021. However, 2022 marked a dramatic shift, marking the first investment decline since 2016. The downturn continued into 2023, with funding plummeting to 2.2 billion U.S. dollars, the lowest level in seven years.