Revolut’s logo design showed on a phone screen.
Jakub Porzycki|NurPhoto by means of Getty Images
British fintech Revolut’s earnings increased 45% to a record 923 million pounds ($ 1.1 billion) in 2022, however net earnings toppled to 6 million pounds, below 26 million pounds the year before, the business stated in postponed yearly accounts on Friday.
The business had actually stated it had 26.2 million clients, up practically 10 million from2021 It stated it had actually increased costs on brand-new item launches and international growth, along with doubling its headcount.
CEO Nikolay Storonsky stated in the yearly report that the business stays “committed to our ongoing UK banking licence application.”
Revolut, which ranked as the UK’s many important start-up when it was valued at around $33 billion in 2021, requested a UK banking licence early that year however is still waiting for approval.
The business stated in September it had actually gotten authorization to postpone submitting its yearly represent a 2nd year running.
