Editing Revolut (section)

== The idea, mission and values<ref name=":0" /> ==
Revolut was launched in July 2015 by ex-finance professionals who have a distinctive ambition to build the future of money beyond banking. The idea came from a common frustration with exchange rate mark-ups, foreign transaction fees and a lack of technological innovation from the big banks.

Banks charge insane fees to spend or transfer your money in a foreign currency. A typical UK bank customer is charged up to £25 to transfer $500 to a bank in the United States with an exchange rate mark-up of 3-5%. For international card payments, banks charge as much as 6% on every transaction.

Today’s hyper-connected world deserves a financial partner just as progressive. One that adapts to your needs, gives you control and constantly pushes you into new exciting spaces. Revolut is a new Global Banking Alternative that enables free international money transfers, fee-free global spending - always at the interbank exchange rate.

'''What is the mission of Revolut?'''

Their main goals are to:

# Make banking services more convenient: Revolut aimed to simplify and streamline traditional banking processes, offering a user-friendly mobile app and various features that allowed customers to manage their finances more efficiently.
# Offer low-cost currency exchange: Revolut's app provided users with the ability to exchange and spend money in different currencies at interbank exchange rates without additional fees.
# Facilitate cryptocurrency trading: Revolut was one of the early fintech companies to allow users to buy, hold, and exchange cryptocurrencies through their platform.
# Enhance financial control and budgeting: The app offered tools for tracking expenses, setting budgets, and providing insights into users' spending habits, helping them manage their finances better.
# Provide a global presence: Revolut aimed to expand its services to various countries, offering international money transfers and borderless banking solutions to individuals and businesses worldwide.

'''What is the vision of Revolut?'''

Key components of Revolut's vision include:

# Accessibility: Revolut wanted to make financial services accessible to everyone, regardless of their location, income level, or financial background. By offering a wide range of services and eliminating unnecessary fees, they aimed to democratize finance and provide better financial opportunities for their customers.
# Innovation: Revolut sought to stay at the forefront of financial technology by continuously innovating and introducing new features and products. This included expanding into areas such as cryptocurrency, investment products, and business banking to cater to evolving customer demands.
# Global Reach: The vision of Revolut was to expand its services worldwide, providing seamless and borderless financial solutions to customers in different countries. Their international money transfer capabilities and multi-currency accounts were part of this strategy.
# Financial Control and Empowerment: Revolut's vision was centered on empowering its users to have greater control over their finances. By offering budgeting tools, spending insights, and customizable account features, they aimed to help customers make informed financial decisions and improve their financial well-being.
# Disruption of Traditional Banking: Revolut's ultimate vision was to challenge and disrupt the traditional banking model, offering an alternative that embraced digital technologies and customer-centric solutions.