Revolut's $75B Valuation: A New Era for Digital Banking

Revolut, the global digital bank, has reached a staggering valuation of seventy-five billion dollars, following a successful share sale that attracted prominent investors like Coatue, Greenoaks, and Fidelity. This milestone reflects the companys impressive financial performance, with a seventy-two percent revenue increase to four billion dollars and a nearly one hundred and fifty percent jump in profit before tax to one point four billion dollars in the year two thousand twenty-four. Revoluts customer base has also grown to over sixty-five million people. The companys Chief Financial Officer, Victor Stinga, attributes this success to their robust business model, which is driving rapid growth and strong profitability. Revolut has also been making strides in the crypto space, expanding their services to thirty European countries and securing a special crypto license from Cyprus.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.