Revolut Hits 1 Million Customers

Revolut has reached 1 million users in Europe and saved them over £120m in fees.

Signing up 3,000-3,500 users daily, with over 42 million transactions and a total transaction volume of $6.1bn.

Targeting a younger demographic, with 42% of users aged 25-35, indicating a shift away from traditional banks.

Plans for global expansion into North America and Asia set for early 2018, following a recent application for a European banking licence.

Offering innovative features like insurance and instant credit, with upcoming support for cryptocurrencies and investment services.