Neobank Revolut has surpassed 25 million retail customers worldwide and is now processing over 330m transactions a month.
It now has more than half a million retail users in the US and employs more than 150 people in North America.
In the last year the London firm has launched into India, Mexico and Brazil, with New Zealand to come in the next few months.
Revolut is also launching a streamlined version of its app, ‘Revolut Lite’, in several countries across Latin America, South East Asia and the Middle East in coming months. Lite users will be able to transfer money cross-border instantly and for free.
Customer growth is also accelerating for Revolut Business. More than 2,000 new active businesses are now joining Revolut Business every week, according to the company.
Launched in 2017, Revolut Business has developed more than 20 products for finance management. It has processed more than £110 billion in transactions for its business customers to date.
“Revolut’s growth continues at pace,” said CEO Nikolay Storonsky. “We have continued to build out our unique product offering across the globe, expanding into new markets with new customers.
“Topping 25 million customers in just over seven years is a fantastic achievement for the company. We can’t wait to bring our product to many more in the weeks and months ahead.”
André Silva, head of international expansion, commented: “Our mission is to unlock the power of a borderless economy, for everyone, by bringing the world’s first financial super app to all corners of the globe.”