Earlier today, Revolut co-founders Nik Storonsky and Vlad Yatsenko took to the stage at the company’s The Revolutionaries event in London to celebrate 50 million Revolut customers and share the company’s future product vision for 2025 – which include AI, mortgages and ATMs.
Revolut, which has grown by over 10 million customers globally in 2024 so far, is now focused on accelerating the roll out of innovative products and services to continue disrupting global financial services in its bid to become the world’s first truly global bank.
Amongst the key highlights announced at the event:
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AI
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Revolut announced its new AI-powered assistant to consumers. Revolut’s financial companion will adapt to customers’ needs and preferences in-app, guiding them towards smarter money habits, enhanced financial decision-making and streamlined admin. The company will aim for a gradual roll-out next year, which will be developed over time as the potential of AI to simplify and transform personal finance continues to unfold.
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Mortgages
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As Revolut continues to shake up traditional financial service offerings, the company confirmed plans to launch its mortgage product in Lithuania followed by Ireland and France in 2025. The goal is to offer a fully digital mortgage product that is the fastest on the market, aiming to issue instant approval in principle and final offer in one business day subject to asset valuation and any necessary checks. Mortgages will form part of the comprehensive credit offering Revolut is looking to build, with the company also exploring overdrafts.
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ATMs
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Revolut will soon start rolling out branded ATMs – bringing these to Spain for use in early 2025. Revolut ATMs will dispense both cash and cards, and in the long-term accept cash deposits, with advanced security through facial recognition identity authentication.
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Revolut Business
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In 2025, Revolut Business will bring its first business credit product to Europe and aims to offer one of the top business savings rates in all EU markets next year. Revolut Business also plans to help companies manage their restaurant and store operations with Revolut Kiosk, for which it is exploring biometric payments, and plans to continue to push its Revolut Pay offering with multiple payment methods including, in future, Buy Now Pay Later.
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Nik Storonsky, Revolut’s CEO and Co-Founder said: “2024 has been a significant year for Revolut, with millions of new accounts opened and innovative products launched across our markets. 2025 will be bigger and better. We want to revolutionise banking for the better and we’re on the right path to achieve this.”
Antoine Le Nel, Chief Growth and Marketing Officer, Revolut said: “Revolut continues to change the face of finance. We’ve grown to over 50 million customers in less than a decade, a tremendous achievement, and proof that consumers want more from their money. Our ‘The Revolutionaries’ event is a fitting celebration, but we aren’t stopping there. We are already on the road to 100 million customers, and to becoming the world’s first truly global bank.“
Revolut unveiled its 2025 vision today at its The Revolutionaries event in London, which is currently underway. Featuring game-changers and revolutionaries across the worlds of music, business, fashion, sport, gaming, travel and entertainment, the event will close tomorrow with a headline performance from Charli XCX ahead of her sold-out tour.