Revolut, the well-known neobank of British origin and with European headquarters in Lithuania, is going through a sweet moment economically, recording more than 2,000 million euros in revenues and 503 million euros in profits in the 2023 financial year. With this, given these figures, it is clear that this fintech is in shape and continues to show itself as one of the most powerful start-ups in the current technology and banking sector.
A powerful financial exercise
The economic data, publicly shared by Revolut, reflect that this entity has registered an almost exponential growth in its recent history. In fact, if compared to the data for 2022, it can be seen that the company’s revenues have soared by up to 95% in the year-on-year balance. In addition, its 503 million euros recorded in its profits mark a net profit of 19%, something that shows healthy and reliable economic accounts for investment.
A strong future at Revolut
Given the powerful figures that Revolut has shown in its 2023 financial statement, together with the data that has been released about its performance in 2024, there is no doubt that Revolut today is one of the fittest fintechs that exist. It continues to grow at a rapid pace, its business framework is gaining more and more weight compared to traditional banking, and it has more attractive services for customers than much of its competition, as it has lower interest rates and flexible services for various types of customers.
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