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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

HISTORICAL FACTS: Revolut reports record profits as it hints at plans for ipo - The Untold Story

Woman holds smartphone with Revolut app
Revolut added 12 million customers to its user base last year. Photograph: Dado Ruvić/Reuters

Revolut has reported record annual profits and further hinted at plans for a stock market flotation, despite still struggling to secure a UK banking licence.

The London-based fintech company, which has been waiting more than three years for its UK licence to be approved, swung to a £438m profit in 2023, having made a £25m loss a year earlier.

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