According to a statement made by the firm on Thursday (June 1), it has recruited more than 5 million users internationally since November 2022.
“Revolut is growing at nearly one million customers per month,” said CEO and Co-Founder Nik Storonsky in a news release.
“As we continue to grow and scale at pace, this is a fantastic achievement for the company and reaching 30 million customers is another important milestone we are immensely proud of.”
The firm says that, eight years after its founding in London, it presently has more than 6.8 million British consumers. With 1.2 million Brits joining the site since November, the U.K. contributed the most to the network’s five million user surge.
According to the article, Revolut has been in talks with the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom for more than two years about obtaining a banking license. That’s much longer than the typical license turnaround time, which is less than a year, according to the Financial Times.
The story also included comments from two people familiar with the license approval process who stated that Revolut’s licensing application has effectively come to a halt.
While neobanks are becoming increasingly popular, recent research indicates that many clients are apprehensive to switch from traditional banks to neobanks.
