Technology Magazine October 2021 | Page 141

02 REVOLUT

02 REVOLUT

Revolut is a financial services company that specialises in mobile banking , card payments , money remittance , and foreign exchange . In 2015 Revolut launched in the UK and offered its customer ’ s money transfer and exchange . Now the company offers accounts featuring currency exchange , debit cards , virtual cards , Apple Pay , interestbearing " vaults ", commission-free stock trading , crypto , commodities , and other services . A US $ 800mn funding round in July 2021 brought the value of the company to US $ 33bn , making it the most valuable UK tech startup in history .