Fintech service Revolut registers a legal entity in Ukraine

As it became known to AIN.UA, the well-known UK fintech service Revolut has apparently registered a legal entity in Ukraine. Rumors about this have been floating around in the market for a long time, but the company was officially registered only in September 2021.

According to the state register of legal entities, the company is called Revolut Technologies Ukraine LLC (Ukrainian name: ТОВ “РеволютТехнолоджис Юкрейн”), and it was registered on September 8, 2021, in Kyiv. According to the registered address, the company’s office is located at the Horizon Park Business Center. Its director is Vladyslav Yatsenko, and the ultimate beneficiary owner is Revolut Ltd.

AIN.UA has requested a comment on the situation from Revolut’s global office.

In May 2021, the company was actively recruiting employees in Kyiv. The company said that it was indeed recruiting specialists in Ukraine, but mostly for remote work.

The UK company Revolut, co-founded by Ukrainian Vladyslav Yatsenko, is a branchless bank — all card transactions can be done via Revolut’s mobile app. This is a popular international financial service.

One of the main advantages of Revolut is that you can exchange your money with no fee — each customer gets a multicurrency debit card. Now the company offers many different services, ranging from the typical banking services, like card issuing, to more extensive services (e.g., trading).

In May 2021, the company launched a service to transfer money to Ukraine.