British fintech Revolut tops $1 billion in profit as revenue jumps 72%

British fintech Revolut tops billion in profit as revenue jumps 72%

Key Points

Digital banking unicorn Revolut said Thursday that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149% year over year.
The financial milestone arrives as Revolut is preparing a transition to becoming a fully operational bank in the U.K. after securing a banking license last summer.
Revolut’s U.K. CEO previously said she sees views the journey to full banking authorization as a crucial step in global expansion and an eventual IPO.

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