The revolt, the start of the $ 45 billion neoOnzing, founded in the UK, may have set his own IPO plans on the ice, but his balance is looking hot enough.
The company reported net profit of $ 1 billion (£ 790m) in 2024, while its customer base increased by 38% to 52.5 million, according to its annual report. Revenue increased 72% to $ 4 billion (3.1 billion £) per year.
The message here is one of the strong growth in general.
This is the fourth direct year of the revolt to be in black. 2024 was a big year for the company – its net profit more than doubled what it earned in 2023 ($ 428 million), and finally provided a banking license on its UK home market, which is its largest. He climbed a $ 45 billion rating in the back of a large sale of secondary shares. And it started a cryptocurrency exchange, revolt X.
Some have thought that the exchange would be a precursor to revolting by launching his very stablecoin. As we understand, it will include numerous jurisdictions beyond Europe and its region of Mika’s cryptocurrencies, and is taking some time to decide as a result of this complexity.
The company did not explode revenue numbers for revolt specifically, but it seems a bit of a fraud. The exchange is part of the revolt asset group, which saw the revenue growing $ 298% to $ 647 million from just $ 158 million in 2023. Asset, which also includes income from its savings products, is now the second largest part of the revolt after cutting it into card payments (that the business was up to $ 88 million).
“2024 was a historic year for revolt,” said CEO and co -founder Nik Storonsky (photo above) in a statement. “We not only accelerated the growth of our clients, welcoming nearly 15 million new users globally, but critically, we also saw customers deeper engaging by adopting a wider range of our services across our retail and revolt business.”
Looking forward, the company said that two of its biggest advantages for 2025 will be to start “officially” Banks in the UK and Mexico (in the back of its licenses), as well as double the base of its clients at 100 million.
This is much more positive news than the latest discovery that rippling is sued by revolt to find out who transferred money to the so -called “Deel Spy”, allegedly planted in rippling to report on internal work.
That new cryptocurrency exchange can end up playing a role there. The revolt has found it difficult to get into the US market so far, but the movements of the US government to relieve activity around Cryptocurrency can pave the way for the revolt to run users through new products.
This can also help the revolution close the agreement for new funding, as well as reports that another $ 60 billion rating may have approached, at the top of the Stablecoin.
Revolut refused to comment on future secondary funds, and was just as non-dedicated to the topic of a public offer.
“We do not have immediate or time -term plans to notify about an IPO,” one spokesman said. “Our current focus is firmly on executing our strategy – enhancing direction, global expansion and continuing innovation for our customers.”
