Revolut's Financial Growth and Future Projections

Dec 22nd, 2023Milestone
  • Revenue climbed to $1.1bn in 2022, a 45% increase from the previous year, with expectations to reach $2bn in 2023.

  • Customer growth surged with nearly 10 million new users, and significant increases in deposits (71%) and paid plan customers (55%).

  • Invested $265m in future growth, doubling the workforce and enhancing product offerings and global reach.

  • Achieved sustainable profitability with $28m Adjusted EBITDA and $7m net profit, despite economic challenges.

  • Revolut's focus remains on UK banking license application, market expansion, and improving their comprehensive app services.