The finance app is one of Europe’s largest start-ups, with millions of users
Finance app Revolut made its first annual profit in 2021 after nearly tripling its revenue, according to delayed accounts published by the company.
The London-based business said pretax profit of £39.8 million in 2021 compared to a loss of £220.7 million a year earlier, with revenue jumping to £636 million. The firm said its biggest source of revenue was foreign exchange and wealth, overtaking payment cards. Gross margins increased to 70 per cent ...
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