Revolut agranda su presencia en España y supera los siete millones de clientes

Revolut, the British-led digital entity in Spain, has seen a substantial growth in its client base, reaching seven million customers in the domestic market. Santiago Pírez Olano, the leader of the entity, predicts that the company will reach eight million clients by 2027. The Spanish market is now the third-largest in terms of client numbers for Revolut, following France and the United Kingdom.

Ignacio Zunzunegui, who oversees growth for South Europe and Latin America, confirmed in an interview that the company is capturing 180,000 to 200,000 new clients each month in Spain. The goal is to maintain this growth pace and kick off 2027 with eight million clients. Pírez Olano and Zunzunegui emphasized that the client acquisition rate is accompanied by a solid brand presence.

Revolut has secured a 15% market penetration in Spain. While the company's target audience remains young, particularly those aged 25 to 34, it is now known by eight out of ten Spaniards. In terms of commercial trends, Spanish clients have over €3.2 billion in Revolut's remunerated accounts, a 80% increase from last year. Additionally, the number of clients receiving their salaries in Revolut accounts has grown by 69%.

Zunzunegui stated that they aim to continue growing, pushing further, and providing value to clients rather than engaging in a commercial relationship with them. For Pírez Olano, the ceiling for growth is still high, as they see significant potential in the Spanish market. Revolut is working on enhancements to its flagship products, such as deposits and remunerated accounts, but also plans to enter new businesses.

Although there are no concrete launch dates, the digital entity anticipates offering mortgages and potentially entering the private banking market in the near future. According to Zunzunegui, the volume of clients actively using Revolut daily and possessing above-average buying power is notable. The company's plans include enabling clients to perform all types of transactions through the app.