Global financial powerhouse Revolut has surpassed the one million customer mark in Australia, signaling a tectonic shift in the nation's competitive payments landscape.
The milestone, reached six years after the fintech first touched down on Australian soil, comes as the platform reports nearly doubling its local user base annually since 2022.
To consolidate this momentum, Revolut has announced a massive $400 million investment plan over the next five years, aimed at aggressive product delivery and expanding its local workforce beyond its current 100-plus headcount.
Originally launched as a foreign exchange disruptor, the platform estimates it has saved Australian consumers roughly $250 million by undercutting traditional bank fees.
The company now processes more domestic transaction volume than international, proving its evolution into an everyday financial hub.