Digital bank Revolut has shared some important financial updates. Revolut reveals that its revenue has reportedly “increased to $1.1bn (£923m) in 2022, up 45% from $786m (£638m) in 2021.” Revolut added almost 10m customers last year “with a 71% increase in deposits and 55% increase… Read More
Revolut, a UK-based digital bank, has reported its first full-year profit. Revolut has published its Annual Report, which tracks operations for the year ending December 2021. According to the report, Revolut generated £636 million in revenue during 2021, delivering £26.3 million to the bottom line…. Read More
The founder of digital banking challenger Revolut is reportedly planning a new round of funding that could value the Fintech at over £7.2 billion (appr. $10 billion). Sky News reports that the digital bank may be looking to work with FT Partners, the US-headquartered Fintech-focused… Read More
Leading UK based digital bank Revolut has closed on a $500 million series D funding according to a note from the company. The Fintech was valued at $5.5 billion making it one of the most valued private Fintechs in the world. Funding was led by… Read More
Digital bank Revolut has selected a new Chairman of the Board. Martin Gilbert, an individual who has been advising Revolut co-founder and CEO Nik Storonsky, will join the bank on January 1st as non-Executive Chair. Gilbert is the former co-Chief Executive of Standard Life Aberdeen,… Read More
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