Revolut has laid out a strategic vision for 2025 that includes a suite of new products and services.
At the forefront is the introduction of an AI-powered assistant, designed to guide customers towards smarter financial decisions within the app.
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The company, celebrating a milestone of 50 million customers, revealed these plans during ‘The Revolutionaries’ event in London.
The company, which has grown by more 10 million customers globally this year so far, has announced a new AI-powered assistant for consumers.
This “financial companion” will adapt to users’ needs and preferences within the app, helping them develop smarter money habits and make better financial decisions.
The company said that it plans a phased roll-out next year, with ongoing development as AI’s potential to “transform” personal finance continues to evolve.
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By GlobalDataRevolut’s expansion plans also include the launch of a digital mortgage product, starting in Lithuania and then extending to Ireland and France in 2025.
The company aims to provide the “fastest on the market” mortgage service, with instant approval in principle and a final offer within one business day, subject to necessary checks and asset valuation.
This mortgage offering is part of a broader credit initiative that may also encompass overdrafts.
In addition to financial products, Revolut is set to introduce branded ATMs, starting in Spain in early 2025.
These ATMs will offer both cash withdrawals and card dispensing, and in the future, they will also accept cash deposits.
The ATMs will feature advanced security with facial recognition for identity authentication.
For business customers, Revolut Business is preparing to launch its first credit product in Europe in 2025, alongside competitive business savings rates across EU markets.
Revolut Business aims to assist companies in managing their restaurant and store operations through Revolut Kiosk, which is exploring biometric payment options.
Additionally, it plans to expand its Revolut Pay offering, incorporating various payment methods, including in the future, Buy Now, Pay Later feature.
Revolut CEO and co-founder Nik Storonsky said: “2024 has been a significant year for Revolut, with millions of new accounts opened and innovative products launched across our markets. 2025 will be bigger and better.
“We want to revolutionise banking for the better and we’re on the right path to achieve this.”
Revolut chief growth and marketing officer Antoine Le Nel said: “Revolut continues to change the face of finance. We’ve grown to over 50 million customers in less than a decade, a tremendous achievement, and proof that consumers want more from their money.
“Our ‘The Revolutionaries’ event is a fitting celebration, but we aren’t stopping there. We are already on the road to 100 million customers, and to becoming the world’s first truly global bank.”
