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Revlut stands at more than $ 1 billion in Europe’s most valuable start-ups of 50 million customers and has benefited from an incentive of cryptocurrency trading.
In an annual report published on Thursday, Revlut It has been said that its pre-tax gains increased from $ 438 million a year ago. Revenue has risen to £ 3.1bn, £ 1.8bn.
Revolute record profit is characterized by customer growth, which enhances its two largest income sources: by paying the card it fees and the interest on submitting it. It says it has added about 15 million new customers last year.
Founder and CEO Nick Storonsky said that one year was a breakthrough year for Revlut in 2021 “London -based company secured a banking license and $ 45BN evaluation in its home market.
“But we are barely starting,” he added that the company is now targeting 100MN daily active customers across 5 countries.
One of the enthusiasm of crypto trading also assisted Fintech last year. Revlut’s wealth business, which consists of stock and digital resource trading – brings $ 506 million to income – it is about four times increasing 2023.
The department picked up the revolute in its first annual profit when the retailers were rushing to get a crypto boom in 2021. However, the company’s income from Crypto was removed next year.
Although Revlut has attracted several million customers to its soft mobile app, Fintek still faces an important challenge to explain them to use it for their primary bank account. A critical mass of deposits is an important part of the company’s plan to unlock funds for loans and compete with the largest retailer banks.
Total customer balance of Revlut stands from $ 18 billion to $ 30 billion a year. The company-which has reported a £ 979 million loan book to include credit cards and purchase-saved products-secure a banking license in the United Kingdom with sanctions in July last year.
The license obtained at the end of the three -year process with UK controllers presents a milestone that will enable Revolut to roll out the products of NDING NDING market in its home market. Revlut says it is internally examining the mortgages.
The company is also trying to expand its customers to pay. Premium subscription plans to revenue from fees, which provide different percent of the percentage, increased 74 percent a year to $ 423 million. It also targeted corporate customers, its business offer now accounting for about 15 percent of the revenue.
