At our summit in 2018, Espen Myklebust and the Revolut team delivered a talk on what it takes to build a unicorn startup; the strategies used by this group as they aimed to become the world’s first global bank. We also got to catch up with Revolut’s Global Expansion & former Country Growth lead for Asian markets, Sarveen Chester, who continues to serve as a mentor to the Hult Founders Lab – a long-time partner to the Vertex Incubate series.
2 years later, the company has achieved some remarkable growth. Sarveen Chester shared a few of the milestones that were most recently achieved, which include a tripling of revenues over the last year, 186% retail customer growth, 260% business customer growth, a 231% increase in daily active customers, and a skyrocketing customer deposits volume increase of £1.41 billion.
As shared on business-review, “Revolut is the fastest growing technology company in Europe, the Middle East, and Africa, according to the latest Deloitte Fast 500 competition… The winners of the EMEA Fast 500 edition were selected based on percentage fiscal-year revenue growth from 2015 to 2018, which placed Revolut, the UK-based fintech company founded in 2015, on the leading position, with a 39,754% median revenue growth.”
We look forward to even more outstanding achievements by this team, and invite aspiring business leaders to connect with them on our platform. “Thank you Revolut for giving Vertex Summit attendees free cards, the gesture is not forgotten.” Vertex co-founder and CEO, Marc Watum