Revolut’s emblem shown on a phone screen.
Jakub Porzycki | NurPhoto by using Getty Illustrations or photos
British fintech Revolut’s income rose 45% to a report 923 million lbs ($1.1 billion) in 2022, but net gain tumbled to 6 million pounds, down from 26 million kilos the 12 months ahead of, the organization said in delayed once-a-year accounts on Friday.
The firm experienced said it had 26.2 million prospects, up practically 10 million from 2021. It mentioned it experienced greater spending on new product launches and world wide enlargement, as properly as doubling its headcount.
CEO Nikolay Storonsky stated in the annual report that the corporation remains “committed to our ongoing British isles banking licence application.”
Revolut, which rated as the UK’s most valuable start-up when it was valued at all over $33 billion in 2021, applied for a British isles banking licence early that 12 months but is nevertheless awaiting approval.
The enterprise mentioned in September it experienced received permission to hold off submitting its annual accounts for a second 12 months jogging.