Revolut profits hit 1.7bn as the fintech giant eyes 100m customers - London Business News | Londonlovesbusiness.com
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Revolut profits hit 1.7bn as the fintech giant eyes 100m customers - London Business News | Londonlovesbusiness.com
"As we transition into a truly global bank, we are proving that our technology-driven operating model continues to drive rapid expansion and record profitability."
"A decade into this journey, we have only just begun to show what is possible."
Revolut achieved a record pre-tax profit of £1.7 billion, up from £1.1 billion the previous year, with revenues increasing by 46% to £4.5 billion. The customer base grew by 30% to 68.3 million, including 13 million in the UK. The company received approval for a full UK banking license and has begun offering current accounts, with plans for lending services. Revolut aims for 100 million customers by mid-2027 and operates as a licensed bank in over 30 markets globally.
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