Home Revolut’s Brand Value Jumped by a Massive 480% in a Year
Finance News

Revolut’s Brand Value Jumped by a Massive 480% in a Year

Jastra Kranjec Finanace Writer Author expertise
Fact Checked
Fact Checked
Everything you read on our site is provided by expert writers who have many years of experience in the financial markets and have written for other top financial publications. Every piece of information here is fact-checked. We sometimes use affiliate links in our content, when clicking on those we might receive a commission - at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Disclosure
Disclosure
We do our best to help you make intelligent financial decisions. Tradingplatforms.com is compensated if you access certain products or services offered by eToro USA LLC and/or eToro USA Securities Inc. and other brokerage companies. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success. This however does not affect our assessments of the brokers, their features, and their overall rating.

The UK-based challenger bank Revolut significantly increased its valuation over the past few years, becoming the country’s biggest unicorn and the highest-valued fintech company.

According to data presented by Trading Platforms, Revolut’s brand value surged by a massive 480% year-over-year reaching $4.74bn in 2022.

The Fastest Growing UK Brand and the World’s Fourth Largest Fintech Unicorn

Over the past seven years, Revolut has seen impressive growth, both in users and revenue. The BCH survey showed Revolut’s user base surged by a staggering 966% in just two years, rising from 1.5 million in 2018 to over 16 million in 2020. In 2022, the British fintech hit a milestone of 20 million customers and 250 million monthly transactions, becoming the largest online-only bank in Europe.

The company has also received more than $1.7bn in funding, earning the title of Europe’s highest-funded neobank. In June this year, Revolut’s market value hit $33bn, ranking as the fourth-largest fintech unicorn globally behind Stripe, Klarna, and Checkout.com. Impressive financial results have driven the company’s brand value to record highs.

In 2021, Revolut’s brand value stood at $820 million, up from $580 million a year before, according to a Kantar survey. However, the company’s brand value surged by 480% year-over-year to $4.74bn in 2022, making Revolut the fastest-growing UK brand worldwide.

Neobanks` Transaction Value to Jump by 33% YoY to $3.25T in 2022

Neobanks like Revolut, the Berlin-based N26, and São Paulo-based Nubank provide financial services exclusively online via an app, allowing them to save operational costs and offer their customers lower fees in return. This mobile-first approach continues rapidly transforming the global financial sector, with more and more customers embracing digital change.

According to a Statista survey, neobanks are expected to hit $3.25trn transaction value in 2022, showing a massive 33% increase year-over-year. The entire market is forecast to grow by an annual growth rate (CAGR 2022-2027) of 22.5%, resulting in a transaction value of $8.97tn by 2027.

Statista data also shows more than 187 million people used neobanking services this year, up from 145 million a year ago. The number of users is expected to jump to over 300 million in the next two years.

Question & Answers (0)

Have a question? Our panel of experts will answer your queries. Post my Question

Leave a Comment

Write a Review

Your email address will not be published. Required fields are marked *

Jastra Kranjec Finanace Writer

Jastra Kranjec Finanace Writer

Jastra is an editor, writer, and PR specialist with years of experience in news, research, and report writing. Over the years, she has worked in different fields of journalism and public relations, including politics, economy, and financial markets. As well as TradingPlatforms.com, Jastra has written for Inside Business,The Business Mogul, Business Today, Startups Magazine, StockApps.com, and Buyshares.

Jastra graduated from The University of Zagreb with a Master's Degree in Journalism in 2008. Since then, she has used her writing skills to publish a range of educational articles for TradingPlatforms and continues to increase her understanding of the finance and crypto space.