Revolut “super app” introduces robo-advisor in US

abdelaziz Fathi

Fast-growing fintech Revolut has extended its suite of services within its “super app” by introducing a robo-advisor service in the United States.

This new offering aims to simplify and automate the investment process for customers, offering them a comprehensive solution for managing their portfolios with lower fees compared to traditional investment companies.

Also central to the new feature is the updated centralized page that Revolut calls the ‘Hub,’ which simplifies navigation and enables customers to explore its diverse range of offerings by scrolling through a single screen.

Customers can choose from five diversified portfolios based on their risk tolerance. Once a customer deposits funds into their portfolio, the Robo-advisor takes care of the investment process by automatically investing the money in the market. It then continuously monitors and manages the portfolio.

The Robo-advisor ensures that the portfolio stays aligned with the customer’s risk tolerance, which is determined during the onboarding process. Developed by Revolut, the Robo-advisor provides a convenient way for customers to grow their wealth without requiring continuous management.

The addition of the robo-advisers, which are being adopted rapidly by the wealth management industry worldwide, expands Revolut’s range of products and services for managing financial needs.

Jack Callahan, Revolut US Head of Wealth and Trading, said: “We are excited to add a Robo advisor to our superapp’s suite of wealth and investment products and services. We know that many of our customers do not have the time to manage a portfolio or invest in individual securities. Built to make investing more accessible, we want to give our customers the ability to make their money work for them in what we believe will be a tailored and stress-free way.”

Revolut prides itself on being a financial “super app” that effectively consolidates a range of consumer services into one convenient application. Essentially, it allows users to seamlessly handle savings, expenditures, investments, and even benefit from travel-related protections, all within a single platform. This integrated approach enables individuals to efficiently manage their finances, both locally and while abroad, through a sophisticated and user-friendly application.

The United States represents a key market for Revolut, with a large number of tech-savvy investors seeking accessible investment solutions. By launching the robo-advisor service in the U.S., Revolut aims to tap into this market potential and attract a growing number of investors who are looking for digital and automated investment tools.

Robo-advisers, which use computer programs to provide investment advice online, typically charge less than half the fees of traditional brokerages. Revolut Robo-advisor offers customers a cost-effective solution for creating investment portfolios, with a low annual fee of 0.25%. Additionally, with a monthly minimum of just $0.25, it provides an affordable option for individuals looking to build their investment portfolios.

Revolut expects that the robos will attract the mass affluent segment, broadly defined as those with less than $1 million in investable assets, who may be attracted by its high-level technology services.

Read this next

Digital Assets

Bybit exits UK market ahead of regulatory changes

Bybit is suspending its cryptocurrency services for users in the United Kingdom due to impending regulations from the country’s Financial Conduct Authority (FCA).

Digital Assets

Binance argues SEC trampled authority set by Congress

Binance, Binance.US, and Changpeng Zhao have jointly filed to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) in June.


Oscar Asly replaces Rasha Gad as CEO of M4Markets Dubai

Seychelles-regulated brokerage firm M4Markets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Retail FX

Capital Index UK reports mitigated loss despite revenue drop

FCA-regulated brokerage firm Capital Index (UK) Limited has released its annual financial report for the year 2022.

Digital Assets

Mike Novogratz’s Galaxy Digital expands in Europe

Galaxy Digital, the New York-based cryptocurrency financial services company founded by Mike Novogratz, is expanding its presence in Europe by appointing Leon Marshall as its first European CEO.

Metaverse Gaming NFT

Turingum Partners with MarketAcross to Drive Web3 Adoption in Global and Japanese Markets

Global blockchain PR leader MarketAcross joins forces with Japanese Web3 specialist Turingum to mutually expand its market reach, aiming to fortify Turingum’s worldwide footprint and MarketAcross’s presence in the lucrative Japanese blockchain landscape.

Digital Assets

Binance to delist all stablecoins in Europe next year

During a public hearing with the European Banking Authority (EBA), an executive from Binance said that the exchange could ultimately delist stablecoins from its European platforms by June 30, 2024.

Industry News

“Unconscionable conduct”: ASIC fines National Australia Bank $2.1m for overcharging customers

NAB faces a $2.1 million penalty for unconscionable conduct, as the Federal Court rules the bank knowingly overcharged customers, and took over two years to rectify the situation.