Revolut
✓ Verified by EU AltsGlobal 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. Despite its EU base, EU Alts has verified that Revolut independently owned, with its ultimate ownership based in United Kingdom, and hosts customer data with Google Cloud, so it may still fall under the reach of the US CLOUD Act — worth weighing against well-known US incumbents on this specific point.
Why European teams pick Revolut
Teams in Europe still consider Revolut for its banking product and United Kingdom presence, operating since 2015, but unlike a fully EU-owned provider, Revolut independently owned, with its ultimate ownership based in United Kingdom, and hosts customer data with Google Cloud — so it does not fully avoid US CLOUD Act exposure the way some other alternatives to well-known US incumbents do.
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
- Ownership
- Independently owned (United Kingdom)
- Hosting
- Google Cloud
- CLOUD Act
- Exposed
- Company size
- 200+ employees
Other EU startups like Revolut
- KSeF Radar Poland — Polish SaaS for monitoring KSeF invoices and keeping accounting workflows under control.
- Invoicia Norway — EU-hosted invoice management with PEPPOL e-invoicing, Norwegian VAT (MVA) support, Brønnøysund auto-lookup, and credit notes. GDPR-first.
- Sumeria France — French mobile bank with peer-to-peer payments and savings — formerly Lydia.
- Payplug France — Simple online and in-person payment solution for French businesses — a French alternative to Stripe.
- Mangopay ✓ Verified by EU AltsLuxembourg — White-label payment infrastructure for marketplaces and platforms — a Luxembourg alternative to Stripe Connect.
- Spendesk France — All-in-one spend management for finance teams — a French alternative to SAP Concur.
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 processes user data under the GDPR by default. However, EU Alts has verified that Revolut independently owned, with its ultimate ownership based in United Kingdom, and hosts customer data with Google Cloud, which means — unlike a fully EU-owned provider — it may still be reachable under the US CLOUD Act, similar to well-known US incumbents in that respect.
How do teams switch from well-known US incumbents to Revolut?
Teams evaluating a move from well-known US incumbents to Revolut should note: Revolut independently owned, with its ultimate ownership based in United Kingdom, and hosts customer data with Google Cloud, so this switch narrows but may not fully close the US CLOUD Act gap. Weigh that against the banking workflow fit before treating it as a complete Schrems II fix.
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.