Digital bank Revolut’s profits hit record high of nearly £2bn

• Fintech giant Revolut has announced a record annual pre-tax profit of £1.7 billion, a significant increase from £1.1 billion the previous year.
• The company's global customer base expanded by 30 per cent to 68.3 million, attracting an additional 16 million new retail customers.
• Revolut recently secured a long-awaited full banking licence in the UK, nearly five years after its initial application, and plans to offer a wider array of banking services.
• The digital bank aims to reach 100 million customers globally by mid-2027, demonstrating ambitious growth plans.
• Revolut also applied for a banking licence in the US in March and currently operates as a licensed bank in over 30 of its 40 markets worldwide.

IN FULL

Revolut unveils ambitious plans as profits hit record high