Revolut, which offers a pre-paid card that lets people transact and hold in multiple currencies at low rates, has announced that it is signing up 40-50 new businesses and 3,000-5,000 new retail customers every day. The startup now has 900,000 customers (180,000 DAU) and has processed $5 billion of transactions since launch.
Storonsky told Business Insider that 60% of new signups come from continental Europe, while the rest come from the UK. Britain is Revolut's biggest retail market, followed by France, Spain, Greece, and Lithuania. The startup now has 900,000 customers and has processed $5 billion-worth of transactions since launch, Storonsky said. It has 180,000 daily active users and 600,000 customers who use the app at least once a month. Revolut was forced to temporarily stop issuing new cards at the end of last year after a partner found some cards were being issued outside of Europe. The startup is now "putting a lot of resource into compliance" to facilitate its rapid growth, Storonsky said.