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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Revolut reports record profits as it hints at plans for IPO

Woman holds smartphone with Revolut app
Revolut added 12 million customers to its user base last year. Photograph: Dado Ruvić/Reuters

Revolut has reported record annual profits and further hinted at plans for a stock market flotation, despite still struggling to secure a UK banking licence.

The London-based fintech company, which has been waiting more than three years for its UK licence to be approved, swung to a £438m profit in 2023, having made a £25m loss a year earlier.

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