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Revolut

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Revolut, a trading name of Revolut Limited, is a digital banking alternative that includes a pre-paid debit card (MasterCard or VISA), currency exchange, cryptocurrency exchange (Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC)) and peer-to-peer payments.[1] Revolut currently charges no fees for the majority of its services (but for a capped usage, see "fees" section), and uses interbank exchange rates for its currency exchange on weekdays, and charge a markup from 0.5% to 1.5% on weekends [2][3][4].

The London-based startup was founded by Nikolay Storonsky and Vlad Yatsenko and currently supports spending and ATM withdrawals in 120 currencies and sending in 26 currencies directly from the mobile app.[5]

The company is based in Level39, a financial technology incubator in Canary Wharf, London.

History

Revolut launched to the public in July 2015 with the aim of "building a fair and frictionless platform to use and manage money around the world"[6] by removing hidden fees and offering interbank currency rates. Nikolay Storonsky, a former trader at Credit Suisse and Lehman Brothers,[7] said in an interview with Forbes that: Vorlage:Quote

Alongside Vlad Yatsenko, former Credit Suisse and Deutsche Bank developer, and Tom Reay, former developer at Expedia and Ocado, Storonsky set up Revolut and raised around $3.5 million.[8]

On 8 February 2017, Revolut launched UK current accounts, enabling its customers to get a personal IBAN.[9] In July 2017, users can get a personal EUR IBAN.

See also

References

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  1. ↑ Dillet, Romain: Revolut Raises $2.3 Million For Its Mobile Foreign Exchange Service. TechCrunch, 20. Juli 2015, abgerufen am 11. Januar 2016.
  2. ↑ Revolut on Twitter. In: Twitter. Abgerufen am 19. Juni 2016.
  3. ↑ Revolut: Not necessarily cheaper than an(y) other Mastercard. Abgerufen am 13. März 2016.
  4. ↑ Weekend exchange-rate surcharge clarification. Abgerufen am 5. Dezember 2017.
  5. ↑ Revolut FAQ. Revolut, abgerufen am 11. Januar 2016.
  6. ↑ About Revolut. Abgerufen am 11. September 2016.
  7. ↑ Revolut Deck. SlideShare, 14. Januar 2015, abgerufen am 11. September 2016.
  8. ↑ Referenzfehler: Ungültiges <ref>-Tag; kein Text angegeben für Einzelnachweis mit dem Namen forbes-interview.
  9. ↑ Romain Dillet: Revolut launches current accounts and a chatbot, 8 February 2017 
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