Revolut - British fintech startup with Russian and Ukrainian origin - is rolling out stock trading in its app in the U.S., Techcrunch.com reports.

The company already lets you buy and sell shares if you’re a British user. And now, Revolut has received approval to become a licensed U.S. broker-dealer in the U.S.

Revolut users will be able to trade 1,100 securities, such as shares on the New York Stock Exchange and Nasdaq. The company will also offer access to 200 ETFs (exchange traded funds).

In the app, you’ll find market graphs, a selection of news headlines and information about the top 10 holdings of each ETF. Users can set up price alerts as well. When you buy and sell an asset, you don’t pay any commission. Like on all trading platforms, there’s some spread between the buy and sell price though.



Revolut announced the official launch of business accounts in the USA in spring 2020. “At Revolut, we have always thought about the United States. It is the number one market in both size and capacity. I think that up to this point, we were simply not ready. Before launching in the U.S., you need to develop a great product and a strong business model,” Nikolay Storonsky, co-founder and CEO of Revolut, said a year later.

Last summer Revolut raised around $800 million in a new funding round, valuing the company at around $33 billion.

Storonsky said investments and high appraisal demonstrate investors’ confidence that the company can deliver products “that raise the bar for customers’ expectations across the whole financial services industry.” The startup was planning to use the cash to help product development and marketing in new countries, particularly the U.S. and India.

Fintech startup Revolut was founded in London by Russian Nikolay Storonsky and Ukrainian Vlad Yatsenko.

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