SEC Ethereum investigation & €450 Million Bet: Revolut's Race to 50M Customers

SEC Ethereum investigation & €450 Million Bet: Revolut's Race to 50M Customers
Revolut's Race to 50M Customers - Source picture: C-Innovation

Hey FinTech Fanatic,

Revolut is embarking on an ambitious journey, setting aside a whopping €450 million for marketing and sales efforts across Europe. Their goal? To captivate a global audience of 50 million customers by the end of 2024, targeting a staggering 40% yearly growth.

While this may seem like a bold ambition, Revolut's current trajectory suggests they are on the right path to achieving it.

Antoine Le Nel, sharing insights on LinkedIn, revealed an impressive milestone:

Revolut's pace of acquiring new users is astounding, averaging 40,000 sign-ups daily. At this rate, they are poised to surpass the 50 million customer mark by year-end. This rapid growth parallels that of Nubank, which boasts around 90 million users, predominantly in Brazil.

What do you think? Can Revolut achieve its ambitious target of 50 million customers by the end of 2024?




On December 9, 2021, Nubank began trading on the NYSE at $11.25 a share and closed the trading session at $10.33

👊Nubank is now trading above its IPO price


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