← State of Embedded Finance 2026

Revolut Partner

Can Revolut become the global financial super-app and embedded-finance platform for both consumers and SMBs across 100+ countries?

Founded2015
HQLondon, England, United Kingdom
Total raised~$1.7B+
Latest roundSecondary share sale, 2025
Valuation$75B (2025)
IndustryFintech / Neobank
The story

Founded in 2015 as a prepaid FX card for travellers, Revolut rapidly expanded into a full-stack consumer and SMB financial super-app covering banking, lending, investing, and HR/payroll. The company obtained an EMI licence and later a full UK banking licence, enabling it to hold deposits and underwrite credit directly rather than relying entirely on third-party BaaS partners. The embedded-finance angle crystallised as Revolut began white-labelling its payments, FX, and identity infrastructure to enterprise and SMB clients via Revolut Business and emerging partner integrations — evolving from a consumer neobank into a financial platform with B2B2C ambitions.

Last 12 months
2025-01
2026-05
Product timeline
2015
Revolut launched in the UK as a prepaid card and FX app offering fee-free currency exchange.· pivot
2018
Revolut launched Revolut Business, targeting SMEs with multi-currency accounts and international transfers.· banking
2019
Revolut obtained a European banking licence in Lithuania, expanding regulated banking services across the EEA.· banking
2020
Revolut launched merchant acquiring (Revolut Pay and payment processing for businesses).· card
2022
Revolut launched Revolut People, an HR and payroll product, expanding beyond financial services into workforce management.· pivot
2023
Revolut partnered with Cross River Bank to offer personal loans to US customers.· lending
2024
Revolut secured a UK banking licence from the Prudential Regulation Authority after a lengthy application process.· banking
2025
Revolut reached 70M+ customers across 100 countries, $4B annual revenue, and a $75B secondary-market valuation.· pivot
Regulated entities
Authorised Electronic Money Institution
UK FCA
Revolut Ltd
Broker-dealer
US
Revolut Securities Inc.
Investment Adviser
US
Revolut Wealth Inc.
The stack
Payments / PSP
Revolut Acquiring (self-operated)
Banking / BaaS
Revolut Ltd (in-house)
Card issuing
Revolut Ltd (self_issued)
Lending
Personal loans (US, via Cross River)SME Business LendingFlex Capital / working capital (via Liberis)
Payroll
Revolut People (self-operated)
Open banking
Tink
Sponsor bank
Cross River Bank, N.A.
Accounting
Xero
Accounting gap: significant