London fintech start-up Revolut has announced that it has grown to 2m users following its launch in 2013.

The company operates a branch-less bank which lets customers control their account using an app. Revolut customers can use its banking app to invest in cryptocurrencies, and the company said that it plans to add stock-trading features in the future.

Revolut said that it has now signed up 2m customers in Europe ahead of plans to launch in the US this year. Customers have also made over 100m transactions, the company said, with a monthly transaction volume of $2bn (£1.4bn).

One feature that the company is currently developing is a commission-free marketplace for listed stocks, ETFs and options.

“To put it bluntly, we are going to cause the same disruption in investments as we have done in banking,” said Revolut chief executive Nikolay Storonsky. “Brokers are charging people as much as £5 per trade and the user interfaces are typically clunky, slow and confusing for consumers. The pain points are clear for us and the room for improvement is massive.”

The company has also announced a partnership with Russian payments services company Qiwi that will allow it to launch in Russia. It is pursuing a banking licence in Lithuania in order to gain a European banking licence, and Storonsky has said that he plans to apply for a US banking licence by the end of the year.