Fintech
Revolut revenue nearly doubles to £1.8bn
Revolut Ltdsaid revenue for 2023 had nearly doubled to £1.8 billion ($2.2 billion), as the British bank filed its latest annual accounts, which have won the green light from its auditors.
The London-based fintech said interest income rose to £500 million last year from £83 million in 2022, according to a statement on Tuesday. That was offset, however, by a surge in credit losses related to both lending and non-lending products, which ultimately cut into profits.