Revolut
London-founded neobank for spending, transfers and FX. Its EU business runs through Revolut Bank UAB, licensed in Lithuania and supervised by the ECB, so EU customers bank under EU law – but the group is headquartered in the UK (outside the EU) and runs on AWS rather than its own infrastructure.
Quick facts
Why does it score 51?
Revolut's group headquarters is in London, outside the EU; its EU customers are served by Revolut Bank UAB, which holds a full EU banking licence from the ECB via the Bank of Lithuania.
Revolut is heavily venture-backed, including by SoftBank, Tiger Global, Index, and Balderton, with no single controlling parent.
Revolut runs on AWS, using an EU region for EU customers, rather than its own data centres.
Revolut isn't open source and hasn't published independent audits.
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RevolutWhat does it replace?
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