REVOLUT, a $ 45 billion Neobanking startup founded in the UK, may have put the IPO plan into the ICE, but the loan control looks quite hot.
The company reported net profit of $ 1 billion (£ 770 million) in 2024, and according to the annual report, the customer base increased 38% to 55.5 million. Revenue increased 72% this year to $ 4 billion (£ 3 billion).
The message here is one of the strong growth.
This is a black man for four consecutive years of Revolut. 2024 was the great year of the company. Net profit has more than doubled than from 2023 ($ 428 million) and finally secured a bank license in the British market. From the back of the large secondary stock sales, it has risen to $ 45 billion. And it started encryption, Revolut X.
Some people thought that exchange was a pioneer for launching its own Starble Lecomin. As we understood, it will spend various jurisdictions other than Europe and Mica encryption areas, and it takes time to set it as a result of its complexity.
The company did not specifically classify the revenue of Revolut X, but it looks like a little juggler. This exchange is part of the revolut ‘S Wealth Group, which includes a profit of $ 667 million, with sales increased by 298% from $ 115 million in 2023, and is the second largest part of Revolut’s business after the cut of CALD (43% to 888 million last year. The dollar has increased).
In the statement, “2024 was a groundbreaking year of Revolut.” We not only accelerated the growth of customers, but also welcomed almost 15 million new users worldwide, as well as critical of the customer to adopt a wider range of services in retail products and revolut business. “
The company said that two of the biggest priorities in 2025 will launch banks in the UK and Mexico to “officially” (on the back of the license) and double the customer base to 100 million.
This is a much more positive news than the recent revelation of Revolut to disclose a person who has moved the money to the so -called “Deel Spy”.
The new encryption exchange can eventually play a role. Revolut has found difficult things to invade the US market so far, but the US government’s movement to freely work on Cryptocurrency has been able to open the way for Revolut to attract users through new products.
Revolut can also help to finish the transaction of new finance. In addition to starting Stablecoin, this can help you complete the deal of new finance with a report that you can access other stock sales with $ 60 billion in evaluation.
Revolut refused to mention the second fund of the future and became the same committee on the subject of the competition.
The spokesman said, “We have no immediate plans or timelines about IPOs.” “The current focus is that it grows firmly in executing strategies, expands worldwide, and continues innovation for customers.”
