Revolut Celebrates Third Profitable Year in a Row as it
Continues to Push for UK Banking Licence

Revolut has reported its third consecutive year of profit, with record figures for 2023 despite ongoing global financial challenges. The digital banking platform's net profit rose to an astonishing £344 million, and its revenue soared 95% from the previous year, hitting $2.2 billion. CEO Nik Storonsky highlights the company's growth, with 45 million global customers, aggressive product expansion, entry into new markets, and continued pursuit of a UK banking licence. Their customer-focused and diversified business model contributes to this triumph, even without the banking licence that competitors like Monzo and Starling hold. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: The Fintech Times