How they describe themselves: Revolut disrupts the financial industry by providing customers with the value they won’t find anywhere else – the personal money cloud.
Our goal is to completely remove all hidden banking costs. Whenever you spend money on your banking card or send money in a different currency, you are hit by expensive banking charges hidden in exchange rates. Why should there be any charges? There is no difference between email and money transactions. They are both digital messages.
How they describe their product/innovation: Revolut allows you to exchange currencies at interbank rates, send them through social networks, and spend with a multi-currency card accepted anywhere. All is done with the touch of button, through a beautiful mobile application.
There are features that will blow your mind. Just one example: the ability to pay with bitcoins in any shop through the Revolut multi-currency card. And there are several others…
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, through other fintech companies and platforms
Press: Nikolay Storonsky, CEO & Founder