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The revolt more than doubled its profits to £ 1 billion last year, as Europe’s most valuable start exceeded 50MN clients and benefited from an increase in CrypoCurrency trading.
In an annual report published on Thursday, the revolt said his pre -tax profits had increased by 438 million or a year ago. Income increased to 3.1bn £, from 1.8bn.
The record profits of the revolt were supported by the increase in customer numbers, which increased its two largest sources of income: the fees it makes from the card payments, and the interest it earns in the deposit. She said she added almost 15 million new customers last year.
The founder and chief executive Nik Storonsky said “2024 was a year’s historical year” in which the London -based company provided a banking license on its home market and a $ 45BN rating.
“But we’re just starting,” he said, adding that the company was now targeting 100 mn daily active customers in 100 countries.
An increase in cryptocurrencies also helped Fintech last year. The revolt wealth business, which includes trading shares and digital assets – brought £ 506m in revenue – an increase nearly fourfold in 2023.
The Division raised the revolt in its first annual profit in 2021 when retail traders were rushing to receive part of a cryptocurrency boom. However, the company’s revenues from Crypto defluen next year.
Although the revolt has attracted millions of clients to its graceful mobile app, Fintech still faces an important challenge to persuade them to use it for their main bank account. Collecting a critical deposit measure is an essential part of the company plan to unlock loan funds and compete with the largest retail banks.
The total balances of the revolt customers increased from 18bn to 30bn £ during the year. Company-which reported a £ 979m loan book that includes credit cards and purchasing products-overpowered-resured a UK bank license with restrictions in July last year.
Licensa, taken after a prolonged three-year process with the UK regulators, represented a milestone that would enable revolt to extract borrowing products in his home market. Revolut has said he is testing mortgages domestically.
The company is also seeking to expand its ranks of payment of subscribers. Tariff income in Premium Reconciliation plans, which offer a range of benefits, increased 74 percent year -on to 423 million pounds. It has also aimed at corporate clients, with its business offer now making up about 15 percent of the revenue.
