Revolut’s revenues surpass $2.2bn, with record profits of $545m …
WEBJul 2, 2024 · Revolut added 12m new customers globally last year, totalling 38m in 2023 and reached 45m in June 2024; 38% increase in customer balances to $23bn (£18.2bn) and 41% increase in paid subscriptions; Today, Revolut released its Annual Report for the year ending 31 December 2023.
Revolut reaches 10 million customers in the UK - Yahoo Finance
WEB2 days ago · Fri, Sep 20, 2024, 9:55 AM 1 min read. Revolut has reached ten million customers in the UK, up by 2 million since the start of the year. The UK represents Revolut’s largest market and is where ...
Revolut seeks valuation of more than $40bn in employee share sale
WEBJun 20, 2024 · UK fintech Revolut is targeting a valuation exceeding $40bn in a share sale that would cement its status as Europe’s most valuable start-up, according to three people with knowledge of the plans.
Revolut invests in future growth as revenue tops $1bn in 2022; …
WEBDec 22, 2023 · Revolut added almost 10m customers last year with a 71% increase in deposits and 55% increase in customers on paid plans. The business reinvested $265m (£215m) of gross profits for future growth, doubling its headcount and increasing spend on new product launches and global expansion.
Revolut launches Revolut 10 as it targets primary accounts and …
WEBOct 12, 2023 · Customers are increasingly using Revolut as their primary account to manage their money - and Revolut 10 is a complete redesign that caters to this growing customer base. Revolut 10 is the app’s biggest update yet; the redesign will make it easier for customers to spend, send, and save their money.
Fintech Giant Revolut Said to Be Planning Stablecoin
WEB4 days ago · Revolut, a London-based fintech company that offers cryptocurrency trading, intends to issue its own stablecoin, according to four people who have heard about the plan. The company, which snagged ...
Britain’s $33 billion banking app Revolut has swung into ... - Fortune
WEBJul 2, 2024 · After years of losses, British banking app Revolut finally turned a corner last year. Its revenues almost doubled to £1.8 billion ($2.27 billion), helping it turn a pretax profit of £438 million...
Revolut gets UK banking licence, ending three-year wait
WEBLONDON, July 25 (Reuters) - Financial technology firm Revolut has received a UK banking licence with some restrictions, it said on Thursday, ending a three-year wait for the authorisation that...
Revolut reports first full year of profit | TechCrunch
WEBMar 1, 2023 · In 2021, Revolut reported a net income of $31 million (£26 million) versus a net loss of $270 million (£223 million) in 2020. Gross margin also jumped from 33% to 70% between 2020 and 2021.
Will Revolut ever get a British banking licence? - Financial Times
WEBOct 22, 2023 · Revolut’s application, which has been on regulators’ desks since January 2021, was always going to be a longer journey, former insiders and experts told the FT.