PANews reported on April 24 that according to Cointelegraph, the British fintech giant Revolut's 2024 financial report shows that its pre-tax profit has doubled to 1 billion pounds (1.3 billion USD), reaching a historic high. The company's annual revenue jumped from 1.8 billion pounds in 2023 to 3.1 billion pounds, with the wealth management department's income surging nearly fourfold to 506 million pounds, driven by the recovery of cryptocurrency trading. Revolut added nearly 15 million new users in 2024, with total users exceeding 50 million. Despite total customer deposits increasing from 23.9 billion USD to 39.8 billion USD, converting existing users to core banking customers remains a challenge. Paid subscription revenue grew 74% year-on-year to 423 million pounds, with enterprise services accounting for 15% of revenue. CEO Nik Storonsky stated that Revolut's goal is to cover 100 countries and reach 100 million daily active users.
