Revolut, the British fintech firm, is targeting 100 million daily active users across 100 countries. The company has experienced substantial growth, surpassing traditional banking institutions.
Revolut's annual report revealed a 72% revenue increase to £3.1 billion (€3.63 billion). Its customer base grew by 38% to 52.5 million users, exceeding HSBC's 41 million customers.
Net income rose from £438 million (€512 million) in 2023 to £1.1 billion (€1.3 billion). CEO Nikolay Storonsky cited increased customer engagement and interest income as key drivers.
Revolut is pursuing a full UK banking license and plans to launch banking operations in Mexico. The company also secured a license in India and seeks ten more licenses globally.
Last year, 2,200 Revolut employees sold shares, valuing the company at $45 billion (€39.5 billion). New investors include Coatue, Baillie Gifford, and Goldman Sachs Alternatives.