8.6 C
New York
Thursday, May 26, 2022
Home Challanger banks Revolut finally launches in the United States

Revolut finally launches in the United States

The London-based company Revolut is one of Europe’s most valuable fintech startups and has just launched in the U.S. 

In Europe, it has more than 10 million customers and Revolut claims that “tens of thousands” of US customers already signed up to its platform.

Read also: Revolut lets you purchase gold on Premium and Metal

Revolut has made launch 2015 with a vision to build app where customers can manage all financial aspects of their lives. Now it has raised over $800 million in funding and employs more than 2,000 people globally, including in New York and San Francisco.

Except the standard features like control of your debit card from the app, freezing or unfreezing your card, converting from one currency to another based on interbank rate – In the U.S., Revolut is also offering you the ability to receive your salary two days in advance if you share your Revolut banking details with your employer.

US users will be able to exchange and hold money in 28 currencies, and withdraw cash at more than 55,000 US cash machines and globally with no fees.

Read also: Revolut’s CFO steps down, cites personal reasons

“As the cost of living increases disproportionately to people’s take-home salaries, now more than ever, people need to know exactly what is coming in and out of their account,” says Nikolay Storonsky, founder and CEO.

He adds: “The world is becoming more connected, and financial services should be supporting this notion, not hindering it.”

Revolut’s biggest rival Monzo also opened in the US during last year, launching a beta testing phase to tens of thousands of users.

Sources: https://blog.revolut.com/revolut-launch-united-states/ https://www.cityam.com/fintech-bank-revolut-launches-in-the-us/ https://www.uktech.news/news/challenger-bank-revolut-launches-in-the-us-20200324

 

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Revolut CEO Nik Storonsky launches his AI-based venture capital fund

Billionaire Nik Storonsky, the co-founder of Revolut, one of Europe's largest and richest startups, plans to launch his own AI-based venture capital fund to compete with legacy venture capitalists.

This is how Klarna will merge e-commerce with physical shopping

Klarna launches "virtual shopping" where online shoppers get access to experts in physical stores.

Revolut reached 1.7 million Irish customers

Of the 5 million population, 1.7million people from Ireland use Revolut to some extent.

Money20/20 “the place where fintech communities love to do business” is back

Money20/20 "the place where fintech communities love to do business" is back