According to a report by Fintech Files, Revolut aims to turn a profit before the end of the year.
In Brief:
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This comes as the company deals with the impact of Covid-19.
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It offered staff the chance to take up shares instead of pay just last week.
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Its founders will also forego their salaries.
What does this mean?
The company’s revenue has shot up in recent times and while recent announcements have been taken as a reaction to Covid-19, Fintech Files’ sources have suggested it’s also to steer the FinTech toward profitability in good time. Revolut has not confirmed this.
