INDEX / DIRECTORY / REVOLUT / V-MIL

Revolut V-MIL

MILITARY AUDIT UPDATED 2026-05-19
V-MIL Score 0.00 /10 E Revolut — BDS-1000 132
V-MIL 0.00

Evidence-only forensic audit. Scoring happens downstream — see the main dossier for the composite assessment.

V-MIL Audit: Revolut

Audit Phase: V-MIL (Military Forensics) Audit Date: 2026-05-01 Jurisdiction of Incorporation: United Kingdom (Companies House no. 08804411) Primary Regulator: Financial Conduct Authority (FCA) / Prudential Regulation Authority (PRA)

Direct Defence Contracting & Procurement

No public evidence has been identified of any contract, tender award, framework agreement, or memorandum of understanding between Revolut and any defence or security procurement authority. Searches against publicly available Israeli Ministry of Defence tender registries, SIBAT (Israel Defence Export & Defence Cooperation Directorate) listings, and Israel Prison Service procurement notices return no Revolut entries.12 No evidence places Revolut in SIBAT export directories, international defence exhibition catalogues (DSEI, Eurosatory, ISDEF), or any national defence procurement registry in any jurisdiction.3

No corporate press releases, Israeli government announcements, or defence trade press reports (Jane’s Defence Weekly, Defense News, Aviation Week) document any defence cooperation, joint venture, or partnership agreement between Revolut and any Israeli or allied defence entity.4 No IDF, Israel Border Police, or Israel Prison Service procurement notice referencing Revolut has been identified in training data current to April 2026.12

Revolut’s registered activities under UK Companies House1 and its FCA authorisation3 are limited to electronic money institution and banking services. Defence contracting is structurally outside its licensed business scope, and no filing or regulatory record suggests any intent or attempt to enter the defence procurement market.

No public evidence identified.

Dual-Use Products & Tactical Variants

No public evidence has been identified that Revolut manufactures or markets ruggedised, tactical, mil-spec, or defence-grade variants of any product. Revolut’s product catalogue — comprising consumer and business payment cards, currency exchange, savings accounts, stock and commodity trading, cryptocurrency brokerage, and business banking services — contains no hardware manufacturing component and no tactical product line.456

Revolut produces no physical goods capable of dual-use militarisation. Its software and financial services infrastructure are general-purpose civilian financial tools; the civilian-to-military dual-use distinction is not applicable. No export licence application, end-user certificate, or government export control review relating to Revolut’s services in connection with Israeli defence or security end-users has been identified in UK strategic export controls statistical data.7 UK Export Finance records contain no Revolut entries in training data.8

No evidence has been identified that Revolut’s financial messaging infrastructure, fraud detection algorithms, or data analytics capabilities have been licensed, adapted, or marketed for intelligence, surveillance, targeting, or any other military application.

No public evidence identified.

Heavy Machinery, Construction & Infrastructure

Revolut does not manufacture, supply, lease, or maintain heavy machinery, construction equipment, vehicles, or physical infrastructure of any kind. No NGO investigation by Who Profits, Corporate Occupation, or the UN Office for the Coordination of Humanitarian Affairs (OCHA) documents any Revolut equipment presence in Israeli settlements, along the separation barrier, or in occupied Palestinian, Syrian, or Lebanese territory.9

No public evidence has been identified of any Revolut contract for the construction, maintenance, servicing, or expansion of military checkpoints, detention facilities, military bases, the separation barrier, or settlement infrastructure. Revolut has no physical equipment supply chain, and the direct vs. indirect supply distinction applied in this domain is not applicable.

No public evidence identified.

Supply Chain Integration with Defence Primes

No public evidence has been identified of any supply relationship between Revolut and Elbit Systems, Israel Aerospace Industries (IAI), Rafael Advanced Defense Systems, Israel Military Industries (IMI/Elbit after merger), or any other Israeli defence prime contractor.12 Revolut provides financial services, not components, sub-systems, raw materials, specialist manufacturing services, or software integrated into weapons platforms.

No joint development programme, co-production agreement, technology transfer arrangement, or licensed manufacturing agreement between Revolut and any Israeli defence firm has been identified in corporate annual reports, Companies House filings1, press archives, or defence trade publications.4 SIPRI Arms Transfers Database records, which capture major conventional arms deliveries and licensed production agreements, contain no Revolut entries.9

The AFSC Investigate database, which profiles corporate involvement in Israeli military operations through supply chain linkages, carries no Revolut entry in training data.10 No investor-level conduit through which Revolut’s capital flows are specifically directed toward Israeli defence prime integration has been identified; Revolut’s known institutional investors (SoftBank, Tiger Global, and others) are not documented as mediation points for such flows specifically through Revolut.4

No public evidence identified.

Logistical Sustainment & Base Services

No public evidence has been identified of any Revolut contract to provide catering, transport, fuel supply, waste management, facilities maintenance, telecommunications, security guarding, or any other support service to IDF bases, military training facilities, detention centres, or security installations in any geography.12

No services provided by Revolut have been identified as directed toward any installation in the West Bank, Golan Heights, East Jerusalem, or the Negev in a military-support or base-services capacity. Revolut is not a logistics, shipping, freight forwarding, or port services company; no role in Israeli defence logistics, military cargo handling, or forward operating base resupply has been identified or is consistent with its licensed activities.356

No public evidence identified.

Munitions, Weapons Systems & Strategic Platforms

No public evidence has been identified of any Revolut role as a prime contractor, licensed manufacturer, sub-system integrator, or component supplier for any lethal platform. Revolut has no manufacturing operations and no role in the production of small arms, artillery, armoured vehicles, tactical or strategic drones, naval vessels, or any lethal system.124

No supply of ammunition, explosive ordnance, chemical propellants, warhead components, or munitions precursor materials to any defence end-user — Israeli or otherwise — has been identified. No Revolut role in the manufacture, integration, maintenance, or component supply for Israeli strategic defence systems (Iron Dome, David’s Sling, Arrow missile defence, F-35 domestic components, Merkava main battle tank, Saar-class warships, or ballistic platforms) has been identified in any source class consulted.79

Revolut’s service portfolio has no components relevant to guidance electronics, fire-control systems, radar, propulsion, or warhead sub-systems, making sub-system and critical component supply analysis not applicable.

No public evidence identified.

Export Licensing, Regulatory & Legal History

No government decision in any jurisdiction — to grant, deny, suspend, or revoke an export licence for Revolut’s products or services — has been identified in connection with Israeli military or security end-users. UK strategic export licensing statistical data, published annually by the Department for Business and Trade, does not reference Revolut.7 UK Export Finance annual reports and open export licence data contain no Revolut entries.8

Revolut’s documented regulatory history concerns anti-money laundering (AML) and know-your-customer (KYC) compliance obligations, e-money licensing across EU member states, and the protracted process of obtaining a UK banking licence — the latter concluded in July 2024 when the Prudential Regulation Authority granted authorisation.11 None of Revolut’s documented regulatory proceedings relate to arms trade regulation, export control violations, or dual-use technology licensing.3

No court proceedings, judicial reviews, or legal challenges have been identified against Revolut — or against any government body regarding Revolut — in connection with any defence supply relationship with Israel or any allied state. No sanctions designation, export denial order, or entity-list placement affecting Revolut has been identified in UK, EU, US, or UN sanctions frameworks.

No public evidence identified.

Civil Society Scrutiny & Documented Investigations

No published NGO investigation specifically addressing Revolut’s military, security, or dual-use supply chain relationship with the Israeli state has been identified in training data current to April 2026. Source classes searched and returning no Revolut-specific findings include:

No organised BDS campaign naming Revolut as a target specifically on the basis of defence sector activities has been identified. The BDS Movement’s published company target list does not include Revolut in training data.17 No institutional divestment decisions by pension funds, sovereign wealth funds, or university endowments citing Revolut’s defence activities have been identified.

No Revolut statement, policy change, contract termination, or end-use monitoring commitment made in response to civil society pressure regarding defence supply chain activity has been identified, consistent with the absence of any such civil society pressure directed at Revolut on defence grounds.

Parliamentary scrutiny has similarly produced no relevant record: searches of UK Hansard18 and European Parliament plenary and committee debate archives19 return no documented parliamentary question, motion, or debate linking Revolut to Israeli defence procurement or occupation-related corporate activity.

No public evidence identified across all civil society source classes.

End Notes

Footnotes

  1. https://find-and-update.company-information.service.gov.uk/company/08804411/filing-history ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  2. https://find-and-update.company-information.service.gov.uk/company/08804411 ↩ ↩2 ↩3 ↩4 ↩5

  3. https://register.fca.org.uk/s/firm?id=001b000000NNdMmAAL ↩ ↩2 ↩3 ↩4

  4. https://www.revolut.com/en-GB/about/ ↩ ↩2 ↩3 ↩4 ↩5

  5. https://www.revolut.com/legal/terms/ ↩ ↩2

  6. https://www.revolut.com/business/ ↩ ↩2

  7. https://www.gov.uk/government/collections/strategic-export-controls-licensing-data ↩ ↩2 ↩3

  8. https://www.gov.uk/government/organisations/uk-export-finance ↩ ↩2

  9. https://www.sipri.org/databases/armstransfers ↩ ↩2 ↩3

  10. https://investigate.afsc.org/ ↩ ↩2

  11. https://www.bbc.com/news/articles/c9dkkvlelv3o ↩

  12. https://whoprofits.org/ ↩

  13. https://www.amnesty.org/en/tech/ ↩

  14. https://www.hrw.org/topic/business-and-human-rights ↩

  15. https://www.corporateoccupation.org/ ↩

  16. https://www.ochaopt.org/ ↩

  17. https://bdsmovement.net/Act-Now-Against-These-Companies-and-Brands ↩

  18. https://hansard.parliament.uk/ ↩

  19. https://www.europarl.europa.eu/plenary/en/debates.html ↩