What is "revolut"

Revolut is a global money app that includes a debit card ( MasterCard), currency exchange, and peer-to-peer payments. Revolut currently charges no fees for the majority of its services, and claims to use interbank rates for its currency exchange (except from week-end rates when markets are closed, where a 0.5% markup is added to the Friday rate).

The London-based startup was founded by Nikolay Storonsky and Vlad Yatsenko and currently supports spending and ATM withdrawals in 90 currencies and sending in 23 currencies directly from the mobile app.

The company is based in Level39, a financial technology incubator in Canary Wharf, London.