Revolut doubles its annual profit as the fintech’s global customers cross 52 million

Quick Summary:

Revolut, which launched in 2015, aims to compete with European banking giants and is targeting 100 million customers in 100 countries.

However, its rapid growth has also drawn criticism in recent years regarding its ability to comply with financial regulations, particularly those aimed at combating fraud and money laundering.

Valued at $45 billion last year, Revolut obtained a "restricted" UK banking licence in July.

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Article Details

Author / Journalist: AFP

Category: EconomyBusiness

Markets: United States

Topics: LondonWires Fintech Revolut Fintech regulation Profits

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 09:42:41 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 350 words

Reading Time: 2 minutes read

Sentences: 4 lines

Sentence Length: 88 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28187580

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Official Website: fortune.com

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