Digital banking app Revolut reported revenues of £636.2 million ($766.9 million) in 2021, three times what it made the previous year, and swung to a net profit of £59.1 million. Revolut has been pushing hard into overseas markets, in particular the U.S., where it currently has over 500,000 clients. The firm has also opened operations in Brazil, Mexico and India. In November, Revolut announced it has 25 million users worldwide.
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Revolut reports first-ever annual profit
“The worst possible scenario would be if Revolut wasn’t sustainable or if it were to require external funding. The reality is we don’t require external funding. We continue to invest in our business providing products people can rely on.”
