Fintech
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Revolut's 2023 revenue rises to 1.8 billion pounds, CNBC reports

FINTECH-Revolut's 2023 revenue rises to 1.8 billion pounds, CNBC reports

Reuters

Updated On Jul 2, 2024 at 08:41 AM IST

- British fintech firm Revolut's revenue hit 1.8 billion pounds ($2.28 billion) in 2023, up from 923 million pounds in 2022, CEO Nikolay Storonsky said in an interview with CNBC published on Monday.

The fast-growing fintech, which is seeking a valuation of more than $40 billion in a share sale, has applied for a UK banking licence but three years on is still waiting for approval.

($1 = 0.7910 pounds)

(Reporting by Elizabeth Howcroft in London and Utkarsh Shetti in Bengaluru; Editing by Alan Barona)