Revolut aims for profitability by end of 2020

April 24, 2020 | FinTech

Written by FinTech Alliance

Revolut aims for profitability by end of 2020

According to a report by Fintech Files, Revolut aims to turn a profit before the end of the year.

In Brief:

  • This comes as the company deals with the impact of Covid-19.

  • It offered staff the chance to take up shares instead of pay just last week.

  • 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.

Read more here.

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