In 2025, Revolut saw stellar results of its ongoing expansion strategy, boasting 30% YoY user growth on top of the impressive private share sale valuing the company at about $75 billion. This article explores main milestones of the top European fintech unicorn to date and dissects Revolut’s growth story.
One of the main highlights in Revolut’s annual reporting for 2025 was the growth of its user base, which now constitutes over 68 million users.
For perspective, the combined population of the European Union (EU), the primary (though not only) region where Revolut operates that is, all 27 member countries taken together, is approximately 448 million people. Therefore, Revolut current users represent about 15.2% of the EU population. Not bad for a fintech company which has started its path only about a decade ago.
To add another angle to the user scope estimations, one may take a look at Revolut’s closest competitors. As Marcel van Oost duly noted, Revolut’s user base is now bigger than SoFi, Robinhood, Dave, and Chime clientele combined.
Let’s take a look at this indicator’s growth since Revolut was founded in 2015 to appreciate the full picture.
Revolut user growth timeline 2015-2025
One thing you should mind while checking the timeline is that data about early startup years (2015‑2017) are rough estimates since Revolut didn’t publicly report detailed customer count in that period. Nevertheless, app usage and growth figures show the user base was still very small, which is no wonder for an industry newbie.
However, already in 2018, Revolut’s growth accelerated sharply as it expanded into new markets and added more services beyond forex and travel, including spending accounts, business accounts, investing, crypto, and savings features. The upward trajectory hasn’t changed ever since.
Between 2018 and 2019, Revolut roughly tripled its user base. After some moderation, from 2021 to 2024 the user base more than tripled again, reflecting the fintech’s aggressive global expansion.
In January 2022, after obtaining a European banking licence, Revolut launched full banking services in 10 European countries (including Belgium, Denmark, Finland, Germany, Iceland, Liechtenstein, Luxembourg, Netherlands, Spain and Sweden).
In 2023, the company expanded its globalization ambitions to Brazil and New Zealand. Finally, in 2024, Revolut secured a long-awaited UK banking licence, allowing it to offer more financial services in its home market.
Here are some more corporate milestones delivered by Revolut in its first decade of operation.
Revolut: major milestones 2015-2025
In 2025, one of the first “challenger banks” in Europe to offer a fully digital banking experience without physical branches, Revolut completed a private share sale bringing the company worth to about $75 billion, much further than earlier $45 billion estimates, and making it the largest fintech startup in Europe by valuation before any IPO actually taking place.
Of course, once the company goes public, its valuation changes based on stock price rather than private share deals, so rankings can shift. Rumours are, Revolut is already preparing a secondary share sale that could value the company at $100B in H2 2026, and raises its IPO ambitions even higher – close to $150B.
Media reports suggest Revolut is considering a dual listing in London and New York. Many industry watchers are even anticipating 2026 listing. At the same time, the fintech has not set any official IPO date. At the end of 2025, the company’s management commented that public listing was not corporate top priority at the time, with CEO Nik Storonsky theorizing it could take at least two-three years to prepare for IPO properly.
In the past, we have seen companies both retracting from their earlier IPO goals, facing unexpected regulatory or financial pressures, and accelerating their listing plans when they spot favourable market environment ahead of schedule. Some postpone or abandon IPO plans altogether, preferring to swim in private capital waters on permanent basis. Which road Revolut will take eventually remains to be seen.
