The chair of Revolut has praised upcoming reforms to UK listing rules but fell short of committing to a London initial public offering as the British fintech reported record profits. “All the moves are making are good, they’re allowing founder-led companies like Revolut to list here rather than just have no choice,” Martin Gilbert told the Financial Times on Tuesday. “But again let’s see how it all pans out, the proof will definitely be what happens in the future.
Founded by Storonsky and Vlad Yatsenko in 2015, Revolut has pursued an ambitious international expansion, outstripping the growth of rival challenger banks, including Monzo and Starling, even as it still awaits a UK banking licence. The group added 12mn customers last year, taking its current total to more than 45mn. Its interest income, meanwhile, climbed more than fivefold to £500mn in the period.
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Revolut makes record profit as wait for banking licence continuesThe fintech firm added 12 million customers and made £438 million in profit last year, but still cannot offer credit cards in UK.
Source: Observer_Owl - 🏆 18. / 72 Read more »
Revolut makes record profit as wait for banking licence continuesThe fintech firm added 12 million customers and made £438 million in profit last year, but still cannot offer credit cards in UK.
Source: Glasgow_Times - 🏆 76. / 59 Read more »