UK fintech giant Revolut is set to make $1.9 bn in revenue this year.
In brief:
- The revenue growth is welcome news for Revolut - which is estimated to be worth £26 billion - after a difficult period.
- The rise comes off the back of strong customer growth, with 300,000 users being added weekly, giving Revolut nearly 40 million customers.
- Meanwhile, the company is still waiting on a UK banking license, with the lengthy, nearly three-year-long process attributed by some to concerns at the FCA over auditing, compliance and corporate culture issues.
