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.
