Fintech company Revolut made its first full-year profit in 2021 and registered a 33% revenue jump last year, its finance chief told Reuters.
Revenues from its crypto business shrank in 2022 as the crypto-downturn hit the firm. The crypto business accounted for about 5-10% of the total income last year, Salovaara said.
Chief executive officer Nikolay Storonsky has previously said the firm was profitable in 2021. In 2020, it made a loss of 223 million pounds, according to Revolut's accounts.The fintech company expects to publish its 2022 accounts by June, but it might take longer.in the last funding round in 2021, making it then Britain's most valuable start-up. Since its 2015 debut, it has raised about $1.7 billion from SoftBank and others.
"We are self-sustained," he said. The firm will "eventually be a public listed business, but it’s not a priority." "We are at the very final stage of the process," the CFO said adding that the relationships with the U.K. regulators have been "reasonable".Reuters in January. This imposes certain limits on the business.
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