Artur Jaworski

Revolut is now Lithuania’s largest bank, after only five years #Revolut has achieved a remarkable milestone: it is now the largest bank in Lithuania by assets, just five years after securing its license there. According to the central bank, Revolut now commands 30.8% of the Lithuanian market, overtaking long-time leaders Swedbank (24.4%), SEB (19.6%), Luminor (10.5%) and the recently rebranded Artea (6.6%). Licensed in Lithuania but serving 50 million customers across 30 EEA countries, Revolut has rapidly grown its local footprint with more than 650,000 Lithuanian clients. In 2024 alone, retail customers grew 24%, business clients 57%, and youth accounts 47%. This year, Revolut also entered the housing loan market, further cementing its presence alongside its full suite of digital banking, credit, investment, and savings products. Traditional banks, however, stress that Revolut’s dominance reflects pan-European assets rather than purely domestic competition. Swedbank, SEB and Artea continue to report strong loan and deposit growth, with Artea doubling its loan book to €3.5 billion since 2019. Still, Revolut’s rise has reshaped the competitive landscape in record time. The article on LRT in the first comment.

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Leaked documents reveal Revolut plans for 2026 product blitz. Sifted revealed: 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲𝘀: ► Already testing in Lithuania (for refinancing, not first-time buyers). Confirmed launches in Ireland 🇮🇪 and France 🇫🇷 this year. ► Spain 🇪🇸 is in the pipeline, likely for 2026, though not part of short-term plans. 𝗢𝘁𝗵𝗲𝗿 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀: ► Overdrafts and fixed-term savings accounts planned across the EU. ► Credit cards to launch in Mexico 🇲🇽, Brazil 🇧🇷, Australia 🇦🇺, and Singapore 🇸🇬 by end of 2026. ► In the UK 🇬🇧, Revolut plans to roll out credit cards, personal loans, and overdrafts next year — pending full banking licence approval (more info: https://lnkd.in/dhdgznaD ). ► A reward-based credit card is also set to launch in the UK. Source/more info: https://lnkd.in/dA2rPA2f Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

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If I had to build Revolut with APIs tomorrow, I’d do it like this: Step 1: Own the money. The “ledger” is the brain of the bank. It’s where every deposit, payment, and transfer is recorded. If you don’t control this, you don’t control your product. Step 2: Stay flexible with partners. Payments, cards, KYC, fraud checks — there are dozens of providers. Instead of locking into one, design your system so you can swap partners without breaking the bank. Step 3: Keep the customer experience in-house. Login, support, notifications, and risk checks — this is where trust is built. You can’t outsource that. Step 4: Plan for failure. Transfers fail. APIs go down. Cards get declined. The trick is to design with “what if” in mind: retries, backups, alerts, and clear messages to the user. Step 5: Build for growth. From day one, set up the foundation: monitoring, compliance, security, cloud infra. Scaling later is painful if you don’t. The big idea - Use vendors for speed, but never outsource the core — your money brain, your risk engine, or your customer touchpoints. There are 3 main ways to build a neobank today: - White-label a BaaS platform (e.g. Mambu). - Build on open-source banking software (e.g. Apache Fineract). - Or start from scratch with APIs (my choice). Question is - If you were launching a neobank tomorrow — which path would you take?

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