Revolut hits 1 Million “sign-ups” in the UK and Makes Promises
On a July 4 press release, Revolut (the United Kingdom FinTech) said that it had signed up a million users in the U.K. saving them more than $330 million in charges.
Of late, the London-based firm has been signing up nearly 6,000 to 9,000 new customers per day. And as it stands, of the company’s 2.25 million customers worldwide, 400,000 are per-week active users, and 900,000 are per-month active users. In the press release, Revolut said its platform had completed 125 million transactions and recorded $18.5 billion in total transaction volume.
“While we’ve witnessed exceptional organic growth, I believe we’ve only used up 1% of our potential. Hitting 1 million signings in the U.K market is a sign of our excellent product and the incredible cost-cutting chance we’ve offered clients. At Revolut, we are always looking to improve. Our brand is gaining popularity in Europe, and global expansion is our …
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Much has changed about the world in the last 50 years and particularly since the advent of the Internet. We are now truly international. Large corporations have been doing business in other countries for centuries, but ordinary individuals have only started regular international interactions in the last 20 or 25 years. We not only do business with people in other countries; we also form social relationships with them, and we migrate—frequently. I am currently living in a town in South Florida that is 40% Hispanic; almost all of that population has English as a second language. Many are writers. They write for work, and they write for fun, and they need to have good English skills for both.