Neobank Revolut to launch in Australia, 20,000 on waiting list

“I never want Revolut to be referring to itself as a bank,” says its head of marketing, Chad West. “We are an alternative to a bank. We are completely different.”

Revolut, headquartered in London, was only founded three years ago; it now has over 3 million customers in Europe, a number that has doubled over the past nine months.

The neobank is attracting 7000 new customers each day, and expects this will be 10,000 by the end of this year.

In April it secured $US250 million in fresh venture capital funding for global expansion, at a valuation of $US1.7 billion. It’s the fastest-growing unicorn tech company in Europe.

And according to its website, Revolut is about to land down under. Ominously for the major banks, without any advertising, 20,000 Australians have already signed up to its waiting list.

 

To read more, please click on the link below…

Source: Neobank Revolut to launch in Australia, 20,000 on waiting list | afr.com