Revolut has launched as a bank in 10 additional European markets with a specialised banking license from the European Central Bank via the Bank of Lithuania.

Customers in Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Malta, Romania, Slovakia and Slovenia who upgrade to Revolut Bank for additional services will now have their deposits protected under the deposit guarantee scheme.

Customers in aforementioned countries are now able to upgrade to Revolut Bank for additional services from within the app.

The upgrade process will reportedly only take customers a mere few minutes.

To date,Revolut Group has raised almost $1 billion in investment and was most recently valued at $5.5 billion.

In five years, Revolut has attracted more than 15 million customers around the world. Last year, Revolut also launched its specialised bank in Poland and Lithuania, and started offering highly competitive credit products in both countries.

“Revolut is now the fastest growing fintech company in Europe because we put the customer at the heart of everything that we do. Our product design is second to none, we have no hidden fees, and we are constantly building new and innovative financial products.

 

Launching the bank in ten new European markets will provide a greater level of security and confidence for our customers, and will enable us to launch a host of new products and services in the near future”.

said Virgilijus Mirkės, Chief Executive Officer of Revolut Bank.

Featured image credit: Photo by Ales Nesetril on Unsplash