Crypto trading drives Revolut to £3.1 billion in revenue in 2024 – is IPO closer than we think or further than ever? — TFN
Revolut, the UK-based fintech unicorn, achieved £3.1 billion in revenue in 2024, a 72% increase from the previous year. This growth was driven by subscription services, cryptocurrency trading, business banking expansion, and global customer acquisition. Yet behind the celebratory headlines, a growing trail of regulatory fines, customer complaints, and systemic risks threatens to overshadow the fintech’s rapid ascent.
Earlier this month, Revolut introduced credit cards as part of its bid to become the European equivalent of American Express. Yet as it chases prestige, the company faces mounting scrutiny over its compliance practices and the real-world consequences for users caught in the crosshairs of its crypto-fueled growth.
