Revolut announces record $545m profit for 2023

Revolut, a UK-based fintech, reports a 95% revenue increase in 2023, with a $2.2 billion turnover and $545 million pre-tax profit, marking its third consecutive profitable year. The growth was attributed to diversified revenue streams and an expanded customer base, totaling 38 million. With plans for exponential growth and global expansion, including a new banking license in Mexico, Revolut is targeting 50 million customers by the end of 2024 and a 40% workforce increase. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FinTech Futures