Overview
- Revolut's pretax profit soared 149% to £1.1 billion in 2024, with revenues climbing 72% to £3.1 billion, fueled by interest income, card fees, and crypto trading growth.
- The company's wealth division revenue surged 298%, supported by increased crypto trading and the launch of its own crypto exchange platform.
- Revolut is finalizing preparations to launch full banking operations in the UK later in 2025 after securing a restricted banking license in July 2024.
- CEO Nikolay Storonsky increased his ownership stake to over 25% in April 2025, as Revolut continues its expansion and eyes an eventual IPO.
- The fintech now serves 52.5 million customers globally, with ambitions to reach 100 million daily users across 100 countries in its next growth phase.