Case Study: Revolut achieves faster, lower-cost IT procurement with Markit Holding AS

How Revolut Bank in Lithuania gained special pricing on key hardware and accessories and achieved 7% annual savings

Revolut, a global financial services provider experiencing rapid growth, required a reliable and efficient IT procurement platform to support its international expansion. They needed centralized purchasing with local delivery and invoicing, quick delivery times, special vendor pricing, and excellent account management. To meet these challenges, they partnered with vendor Markit Holding AS for their IT purchasing solution.

Markit implemented a streamlined IT procurement system for Revolut, featuring standardized product lists, dedicated account management, and special pricing on key hardware like Dell and Apple products, including Apple DEP services. This partnership resulted in significant time and cost savings for Revolut, delivering a 7% reduction in annual costs and an on-time delivery accuracy rate of 96.1%, allowing Revolut's IT team to focus on more strategic projects.

Revolut

Virgilijus Mirkes

Chief Executive Officer