London’s leading fintech player, Revolut, plans to take Poland by storm with their innovative banking services. The company has decided to challenge popular Polish banks by offering bureaucracy-free services free of hidden charges and limitations. Their immediate goal? 150 thousand Polish clients by the end of the year.
We’ve noticed that the biggest Polish banks are building their mobile banking presence at a slow rate. We’re here to provide Polish consumers with an alternative innovative banking experience, and easy access to financial services meant for anyone who wants to increase the direct control over their finances. – says Nikolay Storonsky, the founder and CEO of Revolut.
Less than three minutes – that’s how much time a new client would need to configure Revolut’s application and remotely set up an account. In the next step, they’re able to top up their account, and make free money transfers – both domestic and international, convert their funds into one of the 25 supported currencies at an interbank rate, or use Mastercard or Visa contactless payments without having to pay a conversion rate to any of the 130 supported local currencies.
The British fintech giant has found its Polish home in Cracow, where they’ve placed their customer service center. Revolut has already found their leading man for the job – in February they’ve hired Karol Sadaj as their country manager. Sadaj’s previous credits include working as head of marketing of Uber, but he’s also gained experience at Google, PepsiCo, and Philip Morris. Revolut’s Cracow office will be responsible for managing the company’s growth on the Polish market, as well as promoting the idea of revolutionizing the Polish banking industry.
Revolut aims to become an all-in-one financial platform ready to gather the entirety of their clients’ money-oriented activities. To make things easier, the geolocation-based portal offer services such as travel insurance activated upon crossing a national border, or a cyber wallet ready to support cryptocurrencies. The company’s clients already have access to buying, storing, and trading Bitcoin, Litecoin, and Ethereum.
Since their founding in July 2015, the innovative fintech has convinced 1,5 million people to use their services, and has processed transactions valued at over 10 billion dollars in total. Even though they’ve just begun their journey here, their Polish client base already sits at 50 thousand users. With the numbers only heading up, Revolut is convinced that they can triple their Polish support by the end of 2018.
Are you excited at what the British fintech has to offer? For more information about Revolut’s services, head to their website.