Learn how Revolut manages equity at scale for 10,000+ participants across 20 countries

About Revolut

Revolut is a global fintech leader and Europe's largest startup. More than 70 million customers use its digital banking app. The company operates share plans in over 20 countries, with more than 10,000 plan participants on Ledgy.

Meet the team

Equity at Revolut is run by a tight team that spans people operations, equity specialists and corporate functions. We spoke with three of them.

Paul Twist leads the function as Head of Equity, setting the strategy for how Revolut's share plans scale across markets.

Aaron Hayes is a Senior People Partner and spends much of his year processing transactions, exercises, grants and secondary sales.

Elena Nistor has been at Revolut for two years as a People Specialist in the equity team, handling the daily flow of exercises, terminations and grants.

Why Revolut chose Ledgy

With share plans running across more than 20 countries and over 10,000 participants in those plans, Revolut needed a platform that could carry the complexity without slowing the business down. Flexibility was non-negotiable: different award types, different vesting schedules, different markets. So was accessibility, for both the equity team and the participants themselves.

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The implementation moved quickly. "With the Ledgy team's support, we were able to transfer all of our data within three months," Paul says.

How Revolut uses Ledgy today

Equity is core to the culture

Equity isn't a once-a-year exercise at Revolut. It runs through how the company operates.

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Bulk transactions handled in clicks

The volume of transactions Revolut runs each year would break a manual process. The bulk import feature is doing a lot of the heavy lifting, including on secondary sales.

"When we're processing large bulk transfers of shares for a secondary sale, for example, we're able to do this from employee to investor really seamlessly. We can do this through the bulk import feature, and it saves me a lot of time in my day." Aaron, Senior People Partner

Daily exercises, internationally mobile employees

For Elena, the work is daily, and it spans a globally mobile workforce. Internationally mobile employee (IME) splits are now attached at the account level on Ledgy, which has changed the accuracy and speed of every downstream task.

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Self-service for investor relations

Beyond the equity team, Ledgy has also reshaped how Revolut handles investor queries. Cap tables and share certificates are no longer something the team has to dig out and send across. Investors can pull what they need themselves.

"The corporate team at Revolut uses Ledgy because we deal with a lot of investor relations queries. We use the Ledgy platform to provide them with things like cap tables, which are really easy to download. They often also ask us for their share certificates, and the platform makes it really easy to find them. So much so that we can just direct them to use the platform themselves, which saves us a lot of time." Cara Todd, Trainee Solicitor

Impact: 7,000 awards, 20 employee queries

The clearest proof point came during Revolut's largest H1 equity grant. Over 7,000 awards went out to around 4,000 employees. The number of questions that came back was tiny.

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The platform's day-to-day usability is part of that story. Small touches add up.

"It's really easy to navigate. There's lots of different functions that I find really useful. The search function, just to find cap tables really easily." Cara Todd

What's next

Revolut isn't slowing down, and the equity stack needs to keep pace.

Paul says: "Looking forward, Revolut has some really ambitious growth plans. We don't know what the future holds, but we're confident that by partnering with Ledgy, Ledgy possesses the scalability and agility to help support those evolving requirements.