Revolut
Global fintech app for banking, currency exchange and payments — a UK alternative to traditional banks.
Overview
Revolut is a London, United Kingdom-based European company building banking and fintech software since 2015. As an EU-headquartered provider, Revolut operates under GDPR and is outside the reach of the US CLOUD Act, making it a privacy-friendly alternative to well-known US incumbents for European teams.
Why European teams pick Revolut
Teams in Europe pick Revolut when they want a banking provider that bills in EUR, supports their local data-protection officer requirements, and keeps customer data under United Kingdom law, operating since 2015. Compared with well-known US incumbents, Revolut avoids cross-border data transfers under Schrems II and the US CLOUD Act, which is often the deciding factor for European procurement and legal teams.
See more EU banking tools or browse other startups from United Kingdom.
About
Revolut is a UK-founded (2015) financial super-app offering multi-currency accounts, currency exchange at interbank rates, international transfers, crypto trading, stock investing, and travel insurance. It holds a banking licence in Lithuania (for EU operations) and the UK, with EU customer deposits protected under Lithuanian deposit insurance. Revolut is particularly popular for its fee-free currency exchange — useful for EU businesses and travellers transacting in multiple currencies — and its real-time spending analytics. While founded in the UK, EU operations are entirely EU-regulated through its Lithuanian banking subsidiary. Revolut processes EU user data within the EU and complies with GDPR.
Details
- Founded
- 2015
- Headquarters
- London, United Kingdom
Other EU startups like Revolut
- InvoiciaNorway — EU-hosted invoice management with PEPPOL e-invoicing, Norwegian VAT (MVA) support, Brønnøysund auto-lookup, and credit notes. GDPR-first.
- SumeriaFrance — French mobile bank with peer-to-peer payments and savings — formerly Lydia.
- PayplugFrance — Simple online and in-person payment solution for French businesses — a French alternative to Stripe.
- MangopayLuxembourg — White-label payment infrastructure for marketplaces and platforms — a Luxembourg alternative to Stripe Connect.
- SpendeskFrance — All-in-one spend management for finance teams — a French alternative to SAP Concur.
- PleoDenmark — Smart company spending with virtual cards and receipt capture — a Danish alternative to Expensify.
Frequently asked questions
What is Revolut?
Revolut is a UK-founded (2015) financial super-app offering multi-currency accounts, currency exchange at interbank rates, international transfers, crypto trading, stock investing, and travel insurance. It holds a banking licence in Lithuania (for EU operations) and the UK, with EU customer deposits protected under Lithuanian deposit insurance. Revolut is particularly popular for its fee-free currency exchange — useful for EU businesses and travellers transacting in multiple currencies — and its real-time spending analytics. While founded in the UK, EU operations are entirely EU-regulated through its Lithuanian banking subsidiary. Revolut processes EU user data within the EU and complies with GDPR.
What does Revolut do?
Revolut is global fintech app for banking, currency exchange and payments — a uk alternative to traditional banks. It is listed under banking and fintech on EU Alts because its core functionality serves teams looking for a European banking tool with EU data residency, typically as a switch away from well-known US incumbents.
Is Revolut a good European banking alternative?
Revolut is a fit for European businesses evaluating banking options where data residency and GDPR alignment matter — typical buyers include EU-based SaaS teams, public-sector projects, regulated industries (healthcare, finance, legal), and any organisation that needs to demonstrate that customer data does not leave the EU. It also overlaps with fintech use cases.
Is Revolut GDPR compliant?
Revolut is headquartered in London, United Kingdom and falls under EU jurisdiction, so it processes user data under the GDPR by default. Because the company is not US-incorporated, it is not subject to the US CLOUD Act — meaning US authorities cannot compel Revolut to disclose customer data the way they can with well-known US incumbents. For European buyers, that often simplifies DPIA paperwork and standard contractual clauses.
How do teams switch from well-known US incumbents to Revolut?
Most teams move to Revolut from well-known US incumbents because they want EU data residency without giving up the core banking workflow. Revolut's United Kingdom base means a single jurisdiction for both the company and (typically) its hosting infrastructure, so you can drop Schrems II transfer impact assessments for this part of your stack. Plan the migration in stages: export your data from the US incumbent, pilot Revolut with a small team, then move the rest once the integration coverage you need is confirmed.
Where is Revolut based?
Revolut is headquartered in London, United Kingdom. The company was founded in 2015. Its main website is https://www.revolut.com.