Revolut Bank UAB

Revolut Bank UAB is the European Union banking entity of the global financial technology company Revolut. It operates as a specialised bank in Lithuania and provides regulated banking services to Revolut’s retail and business customers across multiple European Economic Area (EEA) countries through passporting. The bank is supervised by the Bank of Lithuania and, where applicable, the European Central Bank (ECB).

Company Overview

Legal name: Revolut Bank UAB
Type: Specialised bank (regulated credit institution)
Industry sector: Banking, Financial Technology (Fintech)
Founded: 2018 (as a Lithuanian entity; bank operations launched in 2020 after activation of specialised bank licence)
Headquarters: Vilnius, Lithuania

Legal Information

Įmonės kodas (Company registration code): Not confirmed from publicly verifiable primary sources in this profile. See references for official registers.
PVM kodas (VAT code): Not confirmed from publicly verifiable primary sources in this profile.
Supervision: Bank of Lithuania; subject to EU banking regulation and deposit insurance regime in Lithuania.
Official website: https://www.revolut.com (EU/Lithuania portal: https://www.revolut.com/en-LT)
Email (general support): support via in-app chat; complaints: complaints@revolut.com; press: press@revolut.com
Registered office address: Konstitucijos pr. 21B, 08130 Vilnius, Lithuania
Phone number: Not publicly provided for general customer service; Revolut directs customers to in-app support. Regulatory registers typically list addresses and sometimes phones; see references.

Business Operations

Main products and services:
- Current accounts and payment cards (debit and virtual cards)
- Card payments, peer-to-peer transfers, international transfers with multi-currency accounts and competitive FX rates
- Savings and interest-bearing accounts (where available), with Lithuanian deposit insurance coverage up to €100,000 for eligible deposits
- Consumer credit products (e.g., personal loans and credit cards where offered)
- Premium subscription tiers (e.g., Plus, Premium, Metal, and Ultra) providing added features and benefits
- Business accounts (SME and corporate), including multi-currency payments, cards, approvals, and expense management
- Additional app-driven features (budgeting tools, junior accounts, insurance and travel benefits, and other value-added services; availability varies by market)

Business model: Revolut generates revenue through interchange fees on card transactions, net interest margin on lending and interest-bearing accounts, subscription fees for premium tiers, foreign exchange and international transfer fees, and various ancillary service fees. The Lithuanian bank entity supports regulated banking products for EU customers, while other non-bank fintech features may be provided by affiliated licensed entities.

Market position: Revolut Bank UAB anchors Revolut’s EU banking operations and is one of the largest neobank platforms serving EEA retail and business customers, competing with incumbent banks and other digital challengers across payments, everyday banking, and consumer credit.

History

- 2015: Revolut is founded in the United Kingdom by Nik Storonsky and Vlad Yatsenko as a fintech offering multi-currency cards and transfers.
- 2018: A Lithuanian entity is established and granted a specialised bank licence by the Bank of Lithuania for EU operations (the licence enables the provision of certain banking services with restricted scope compared to full-scope universal banks).
- 2020: Revolut activates its Lithuanian specialised bank licence and launches Revolut Bank in Lithuania, adding deposit protection and beginning to offer lending products, with banking services being progressively migrated to the bank entity.
- 2021–2022: Revolut Bank UAB passports banking services from Lithuania to additional EEA markets, offering protected deposits and regulated banking features to EU customers via the app.
- 2023–2024: Revolut continues expanding EU banking features, refining credit offerings and premium tiers, while scaling its EEA operations from its Lithuanian banking hub.

Financial Information

Revenue and financials: Revolut Bank UAB, as a Lithuanian specialised bank, does not publish granular revenue figures separately in sources available for this profile. Revolut Group (the global parent) reports consolidated financial results; those do not directly break out the Lithuanian bank’s revenues publicly.
Funding rounds (group-level context): Revolut Group Ltd (UK) has raised multiple financing rounds, including a 2021 Series E of approximately USD 800 million led by SoftBank Vision Fund and Tiger Global, valuing the group around USD 33 billion at the time. Subsequent secondary transactions and financing activities occurred in 2022–2024 at varying valuations. These group-level financings support global operations, including EU subsidiaries.
Ownership structure: Revolut Bank UAB is part of Revolut’s EU corporate structure and is ultimately controlled by Revolut’s global parent (Revolut Group Ltd, UK). In the EU, Revolut Holdings Europe UAB (Lithuania) has been publicly cited as a holding company for European operations, with Revolut Bank UAB and other Lithuanian licensed entities (e.g., payments and securities firms) under this umbrella.

Leadership and Management

Key executives (vadovai): The names and positions of Revolut Bank UAB’s local executives are disclosed via the Bank of Lithuania’s supervised entities register and regulatory filings. As of this profile, specific current names are not available in the sources consulted.
Board members: Board composition is published on official regulatory registers and changes over time. For the most accurate, current list of board members (including chairpersons, CEOs, CFOs, CROs, and other control function heads), consult the Bank of Lithuania’s supervised entities directory and Revolut’s Lithuanian legal disclosures.

Group-level leadership context: Nik Storonsky (Co-founder and Group CEO) and Vlad Yatsenko (Co-founder and Group CTO) lead Revolut globally. EU and Lithuanian entities have their own local management and boards to meet regulatory requirements.

Office Locations

Registered office (buveinė):
Konstitucijos pr. 21B, 08130 Vilnius, Lithuania
Phone: Not publicly provided in the sources reviewed.

Revolut operates primarily as a digital bank with customer service provided via the app; it does not generally provide walk-in branch services. Any additional Lithuanian office addresses (e.g., for corporate or operational functions) are typically disclosed in regulatory filings or corporate directories; current comprehensive listings were not available in the sources consulted.

Market Position

Competitors: In Lithuania and the broader EEA, Revolut competes with incumbent banks (e.g., Swedbank, SEB, Luminor) and other digital-first challengers and fintechs (e.g., N26, Monese, Wise for payments/FX, and various BNPL and lending fintechs).
Market share: Official market share figures specific to Revolut Bank UAB are not routinely published; Revolut’s user base spans multiple jurisdictions and is measured at the group level.
Competitive advantages: Mobile-first user experience; rapid product iteration; multi-currency accounts and competitive FX; integrated financial services (payments, cards, savings, credit) within one app; premium tiers; and cross-border EU passporting from Lithuania under a specialised bank licence with deposit protection for eligible deposits.

Recent Developments

- Continued passporting of Lithuanian banking services to additional EU markets, expanding availability of protected deposits and lending features.
- Ongoing product enhancements in the EU app, including savings features, credit offerings, and premium tier benefits.
- Strengthening of compliance and risk controls in line with EU prudential supervision and Lithuanian regulatory expectations.
Note: Specific dated announcements vary by market and over time; see Revolut’s newsroom and Bank of Lithuania notices for the latest updates.

Contact Information

Registered office: Konstitucijos pr. 21B, 08130 Vilnius, Lithuania
Website: https://www.revolut.com / EU portal: https://www.revolut.com/en-LT
Customer support: In-app chat via the Revolut app
Email (complaints): complaints@revolut.com
Email (press/media): press@revolut.com
Phone: Not publicly provided for general customer service

Sources and References

- Bank of Lithuania – Supervised entities (credit institutions): https://www.lb.lt/en/supervised-entities
- Revolut EU (Lithuania) legal and disclosures: https://www.revolut.com/en-LT/legal
- Revolut Newsroom and product announcements: https://www.revolut.com/news
- Deposit insurance in Lithuania (Indėlių ir investicijų draudimas): https://www.iidraudimas.lt/
- EU passporting and specialised bank licence (general guidance): https://www.lb.lt/en/specialised-bank
- Lithuanian Centre of Registers (JAR) – Company register search: https://www.registrucentras.lt/jar/
- Corporate directory listing (for address and registration details; verify against official registers): https://rekvizitai.vz.lt/en/company/revolut_bank_uab/

Note: This profile prioritizes verified regulatory and official sources. Where precise legal identifiers (įmonės kodas, PVM kodas), phone numbers, and named executives are not available in the consulted public sources at the time of writing, readers should verify directly via the Bank of Lithuania’s supervised entities directory and the Lithuanian Centre of Registers (JAR).