1.04.2021. Revolut is launched as a bank in Latvia

Company News

The global financial platform Revolut in February has activated its European specialized banking services license in Latvia.
Revolut customers in Latvia will have access to protected deposits in accordance with the deposit guarantee system. An additional service will be available to customers by updating the Revolut app to Revolut Bank.
To date, the company “Revolut Group” in total has attracted almost one billion USD of investment, and recently its value has reached 5.5 billion USD.
In five years, Revolut has attracted more than 15 million customers worldwide.
Revolut Bank Ltd has been issued a specialised credit institution licence in Lithuania and basic supervision of this bank is carried out by the Bank of Lithuania.
Revolut launched in 2015 in the United Kingdom, offering money transfers and currency exchange. Revolut currently has 15 million customers worldwide, with a total of more than 100 million transactions per month.