Currently, the company serves over 15 million customers worldwide
Revolut has attained specialized banking across 10 additional markets across Europe.
Users in Croatia, Estonia, Latvia, Romania, Slovenia, Bulgaria, Cyprus, Greece, Malta, and Slovakia can upgrade to receive other bank-related services from the Revolut App.
We’re excited to take the next step in our journey by launching Revolut Bank in 10 new European markets. 🚀
Revolut Bank customers will have their deposits protected under the deposit guarantee scheme and will get exclusive access to a whole bunch of new products in the future. pic.twitter.com/4XuysljRCU
— Revolut (@RevolutApp) March 4, 2021
The upgrade procedure is simple and will only take a few minutes. Revolut’s deposit account will enable users to get more value, control not forgetting maximum security for their transactions as opposed to using traditional banks.
Revolut, the rapidly growing firm in Europe has no hidden fees. The company is also continually developing new financial products. The launch in the 10 European locations will facilitate the provision of new services and products in Europe.
In 2020, the financial provider started the provision of credit facilities in Lithuania and Poland. With the specialized bank license, the bank can offer limited banking services through the app. Other financial services and products provided by other Revolut Group companies will also come in handy.
Revolut Group, which was valued at $5.5 billion has garnered approximately $1 billion in funding.
With Revolut, customers get to know the exact figures of their expenditure. They can also set budgets, receive and send money, manage subscription charges, and exchange 31 currencies.
We’ve reported that Revolut shifts to a permanent remote working model.