Digital Bank Revolut Reports 95% Revenue Jump, Record £344M Profit

Revolut, a leading fintech firm based in London, reported a significant profit increase with a pre-tax profit of £438 million for 2023, a stark contrast to the previous year's loss. The company’s revenue also doubled to £1.8 billion. Amidst this financial growth, the company is optimistic about securing a UK banking license to expand its product offerings. With over 35 million users, Revolut is preparing for future growth by relocating to London's financial district and planning a 40% employment increase by 2024. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Finance Magnates | Financial and business news – FinTech