Revolut unveils 2025 product vision, including mortgages, an AI assistant, and branded ATMs
Nik Storonsky and Vlad Yatsenko, co-founders of UK challenger Revolut, unveiled the fintech’s product vision for 2025 at the company’s “Revolutionaries” event in London last week.
Revolut announces product plans for 2025
Revolut CEO Storonsky describes 2024 as a “significant year” for the fintech, after the company announced last week that it had hit 50 million customers globally, with 10 million in the UK.
In August, the company also became Europe’s most valuable private tech company, reaching a $45 billion valuation after a secondary share sale.
In 2025, Revolut says it plans to gradually roll out a new AI-powered assistant which will “adapt to customers’ needs and preferences in-app, guiding them towards smarter money habits, enhanced financial decision-making and streamlined admin”.
Furthermore, the company plans to launch branded ATMs, starting in Spain in “early 2025”. Revolut states that, in the long-term, these ATMs will also support cash deposits and feature advanced security measures, including facial recognition identity authentication.
Revolut also intends to launch a mortgage product in Lithuania, followed by Ireland and France. “Mortgages will form part of the comprehensive credit offering Revolut is looking to build, with the company also exploring overdrafts,” the fintech says.
In addition, Revolut Business will introduce its first business credit product in Europe. It also plans to introduce Revolut Kiosk to help businesses manage their restaurant and store operations, and expand its Revolut Pay offering with a range of payment solutions, including buy now, pay later (BNPL).
