Catenaa, Saturday, September 20, 2025-Revolut’s pretax profit more than doubled to $1.4 billion in 2024, driven by a surge in customer adoption and engagement across its fintech services, the company reported Thursday.
The London-based digital banking platform added nearly 15 million new users last year, bringing its total to 52.5 million worldwide.
Revenue climbed 72% to $4 billion, with interest on deposits contributing $1 billion and card payment fees adding $887 million.
Revolut’s wealth division, focused on crypto and investment services, saw the fastest growth, posting a 298% revenue increase to $647 million.
Nik Storonsky, CEO and cofounder, said the results reflect strong customer engagement, with users adopting more of the platform’s offerings.
Revolut’s valuation reached $45 billion in a secondary share sale last year, attracting investments from Coatue, Durable Capital, Dragoneer, Fidelity, Goldman Sachs Alternatives, D1 Capital, Mubadala, and Affinity Partners.
The firm received a restricted UKbanking license in July 2024, enabling it to offer lending products including credit cards, personal loans, and mortgages.
Founded in 2015 by Storonsky and Vlad Yatsenko, Revolut has grown into Europe’s most downloaded finance app, ranking first in 19 countries and employing more than 10,100 staff.
The company continues to expand globally, processing 940 million transactions monthly, while prioritizing product development over an immediate public listing.
