Revolut$ 45 billion of startup neobanking founded in (*45*) Britain could place his IPO plans on ice, but its balance looks quite hot.
In 2024, the company recorded a net profit of $ 1 billion (790 million kilos), while its customer base increased by 38% to 52.5 million, in keeping with her Annual report. Revenues increased by 72% to $ 4 billion ($ 3.1 billion) a yr.
The message here is generally strong.
This is the fourth in a row Revolut in a row of being in black. 2024 was a great yr for the company – its net profit above doubled what he earned 2023 ($ 428 million), and eventually secured a banking license on his domestic market in (*45*) Britain, which is its biggest. They moved to a valuation worth $ 45 billion at the back of a large sales of a secondary campaign. And introduced a cryptographic exchange, Revolut X.
Some thought that the exchange could be a precursor of the revolution of introducing your personal Stablecoin. From what we understand, it includes many jurisdictions outside Europe and its Mica The cryptographic region, and the establishment of this complexity takes some time.
The company didn’t stand out in particular revenue numbers for Revolut X, but it looks a bit of a juggernaut. The stock exchange is part of the Revolt’s Wealth Group, in which revenues increased by 298% to $ 647 million from only $ 158 million in 2023. Wealth, which also includes revenues from savings products, is currently the second largest part of Revolut’s activity after the reduction, which the company has been paying (this company increased by 43% to 887 million USD).
“2024 was a breakthrough year for Revolut,” said CEO and co-founder of NIK Storonsky (pictured above). (*1*)
Looking to the future, the company said that two of its biggest priorities in 2025 will “formally” launch banks in (*45*) Britain and Mexico (on account of licenses), in addition to double the base of customers to 100 million.
This is a much more positive message than a recent revelation that Ripling poses Revolut to disclose who has transferred money to the so -called “deel spy”, allegedly spaced in the ranks of Ripling to report internal activities.
This latest exchange of cryptocurrencies can end in what role. Revolut had to interrupt into the American market so far, but the US government’s movements to free cryptocurrency activities can pave the Revolut path to extend users through newer products.
This may help in the revolution of closing the contract on latest financing, after reports that it will possibly approach the next sales of shares with a valuation of $ 60 billion, in addition to launching this Stablecoin.
Revolut refused to comment on future secondary funds and was equally casual about the public offer.
“We have no direct plans or schedule to announce in the field of IPO,” said the spokesman. “We are currently focusing on the implementation of our strategy – increasing development, developing around the world and further introduction of innovations for our clients.”