Trust Score Breakdown
What We Found
- Domain revolut.com registered since 2015 — nearly a decade of continuous operation as one of Europe's most prominent fintechs
- Valid SSL certificate with bank-grade HTTPS encryption — all account data and transactions are secured appropriately
- 24/7 in-app customer support — significant improvements in response times and quality compared to earlier years
- Received UK banking licence from the PRA in 2024 (Companies House: 08804411) — now a fully licensed UK bank, with FSCS protection pending full activation
- Over 40 million customers globally — one of the world's most widely used fintech products, demonstrating real-world scale and functionality
- UK banking licence received in 2024 but transitioning from e-money institution — FSCS deposit protection not yet fully operational for all accounts
- Excellent for travel money and international transfers — real exchange rates, low fees, and multi-currency accounts are market-leading features
Company Information
| Trading Name | Revolut |
| Website | revolut.com ↗ |
| Country | United Kingdom / Lithuania |
| Founded | 2015 |
| Parent Company | Revolut Ltd (Companies House: 08804411) |
| Trading Status | Active |
Full Analysis
Revolut was founded in London in 2015 by Nikolay Storonsky and Vlad Yatsenko and has grown to become one of Europe's most valuable private technology companies, last valued at over $33 billion. It is registered in the UK (Companies House: 08804411) and in 2024 received its long-awaited UK banking licence from the Prudential Regulation Authority — a process that took several years and involved significant scrutiny of Revolut's compliance frameworks, governance structures, and financial controls. The granting of this licence is a meaningful signal of regulatory confidence.
Prior to the banking licence, Revolut operated primarily as an e-money institution in the UK, meaning customer funds were safeguarded under e-money regulations but not covered by the FSCS. During the transition to full bank status, this protection is being updated — check Revolut's website for the current status of FSCS coverage for your account. In practice, the risk of losing money was low even under e-money regulation, but the FSCS protection now coming into force provides the gold-standard consumer guarantee. Revolut has also substantially improved its compliance and customer service operations in recent years, addressing earlier criticisms.
Revolut's product is genuinely excellent, particularly for international use. It offers real mid-market exchange rates for currency conversion (similar to Wise), low or zero fees on overseas card spending up to monthly limits, and multi-currency accounts that are ideal for travellers and expats. Cryptocurrency trading, stock investment, and savings products are also available within the app. For day-to-day UK banking, Monzo or Starling may offer a more mature experience, but for travel money and international financial management, Revolut is a market leader. A legitimate and increasingly well-regulated choice.