Technology Videos

Revolut Australia CEO: 1 Million Customers, $250M Saved & Explosive Growth | Matt Baxby

In the latest Fintech Chatter episode, Revolut Australia CEO Matt Baxby announced the fintech has crossed the one‑million‑customer threshold and claims to have saved Australian users roughly $250 million compared with traditional banks. Baxby highlighted explosive growth in the small‑business segment, noting a 235 % jump in transaction volume over the past twelve months and the rollout of new merchant‑acquiring terminals, Revolut Pay gateway, and a credit offering. He also outlined the company’s broader product roadmap—over 30 in‑app features ranging from instant e‑SIM activation for travelers to loyalty points on debit cards—built on continuous customer feedback. The conversation featured vivid anecdotes, such as Baxby’s impromptu pitch at a travel desk and his description of the app as a “modular platform” that users customize for everything from kids’ pocket money to cross‑border transfers. He emphasized that word‑of‑mouth referrals still drive the majority of new sign‑ups and that Revolut recently turned profitable, distinguishing it from earlier Australian neo‑banks. The milestone signals a shifting competitive landscape, pressuring incumbent banks and other fintech rivals to accelerate product innovation and pricing. For investors and regulators, Revolut’s pursuit of a full banking licence and its expanding suite of services suggest a long‑term play to embed itself in everyday Australian financial life.