British online bank Revolut Ltd. published its delayed accounts for 2022 on Friday, removing a hurdle in its bid for a UK banking license as the fintech seeks to boost its operations.
The London-based startup said revenue for the year jumped 45% to £922.5 million ($1.2 billion), while pretax loss was £25.4 million ($32.2 million), down from a restated profit of £39.8 million the previous year. It said revenue for 2023 is on track to hit $2 billion, with double-digit net profit margin.
Read More : Revolut Issues Delayed Accounts in Effort to Advance Towards UK Bank License