Global financial platform Revol On February 15, it activated its European specialized banking services license in Latvia.
When updating the app to Revolut BankIn order to obtain additional services, customers in Latvia will now be able to make deposits that will be protected in accordance with the Deposit Guarantee Scheme. The process of updating the app to Revolut Bank will only take a few minutes.
To date, Revolut has attracted more than 160,000 customers in Latvia, and the fast-growing financial technology company is convinced that protected deposit accounts, along with Revolut’s range of products and services, will provide Latvian customers with tighter control, greater value and security than traditional banks.
“Revolut is currently the fastest growing financial technology company in Europe, as the customer is at the heart of all our operations. We are constantly developing new and innovative financial products, ”says Virgilijus Mirkės, CEO of Revolut Bank.
“The launch of the bank’s operations in Latvia will provide a higher level of security and confidence for our customers and will allow us to launch many new products and services in the near future,” adds V.Mirkes.
To date, the Revolut Group has attracted nearly $ 1 billion in investment, and has recently reached $ 5.5 billion. In five years, Revolut has attracted more than 15 million customers worldwide.
Last year, Revolut launched its specialized banking operations in Poland and Lithuania. The Specialized Banking License allows Revolut Bank to provide limited banking services through the Revolut app as well as a range of financial services and products offered by other Revolut Group companies.
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