Revolut Revenue Almost Doubles to £1.8 Billion
Revolut Ltd. said revenue for 2023 almost doubled to £1.8 billion ($2.2 billion) as the UK challenger bank unveiled its latest annual accounts that got a clean bill of health from its auditor.The London-based fintech said interest income climbed to £500 million last year from £83 million in 2022, according to a statement on Tuesday. That was offset, though, by a surge in credit losses tied to both lending and non-lending products, which ultimately crimped profits....
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