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Revolut experienced significant customer growth between 2018 and 2026, reaching ** million customers in January 2026. If the neobank maintains its current growth trajectory, projections suggest it could expand to over ** million customers by December 2026. While the United Kingdom remains its primary market, Revolut download figures indicate strong popularity in Romania, France, and Poland.

Scaling up: Revolut's journey to ** million users

In February 2018, the London-based neobank Revolut reported *** million customers, a number that grew to million by November of the same year. By September 2019, Revolut had reached million customers, a figure that more than tripled to over ** million by November 2022. The company's rapid expansion continued, with its customer base increasing by ** million in just 11 months between November 2022 and October 2023, reaching ** million customers. By March 2024, Revolut's customer base had grown to ** million, and by December 2024, the company celebrated hitting the ** million customer milestone. By January 2026, the customer base has further expanded to ** million customers. Parallel to this explosive customer growth, Revolut also experienced significant financial improvement, with its revenue nearly doubling in 2023 and 2024.

Funding of banking fintechs

For several years, fintech banking startup investments surged, with funding often doubling annually - a trend particularly evident in 2017 and 2021. However, 2022 marked a dramatic shift, marking the first investment decline since 2016. The downturn continued into 2023, with funding plummeting to *** billion U.S. dollars, the lowest level in seven years. In 2024, investment activity picked up again, reaching *** billion U.S. dollars.