Rovolut, billion 45 billion The UK -based neobanking startup has put its IPO projects on the snow, but its balance sheet looks very hot.
The company reported a net profit of $ 1 billion ($ 790 million) in 2024, while its customer base increased by 38 % to 52.5 million. Annual Report. Revenue increased by 72 % to $ 4 billion ($ 3.1 billion) a year.
The message here is one of the overall strong growth.
This is the fourth year of revolute to live in Black. 2024 was a big year for the company. 2023 (8 428 million), and finally Obtained a banking license In the UK’s domestic market, which is its largest. It increased by $ 45 billion in the back of a major secondary shares sales. And he launched the crypto exchange, Revolite x.
Some people have thought that the exchange will be the forerunner to launch its own stabilion. From what we understand, it will coven the powers of Europe and beyond Micha It is taking some time to set the crypto region, and as a result of this complexity.
The company did not break the number of revenue, especially for Revolute X, but it looks like a bit of a joggurnate. This exchange is a part of the Revolution’s Wealth Group, which has seen the increase in revenue increased by 298 % to $ 647 million in 2023. Wealth, which includes revenue from its savings products, is now the second largest part of the Revolution Business after the card payment (this business increased from 43 percent last year to $ 887 million from $ 87 million).
“2024 was an important year for the revolt,” the CEO and co -founder, Nick Storonensky (in the picture above), said in a statement. “We not only accelerated the growth of our customers, welcomed nearly 15 million new users globally, but critically, we saw a wide range of services in both our retail offer and revolving business, engaging consumers more deeply.”
Looking forward, the company said its two of its biggest priorities for 2025 would double the “launching” launching banks in the UK and Mexico (on the back of its licenses).
This is more positive news than that Recent revelations It is prosecuted to disclose the Republican Revolution on who transferred money into the so -called “Dell Spy”, allegedly seed in the ranks of Rippleng to report about internal works.
This new crypto exchange can play a role there. Revolution has so far been difficult to enter the US market, but the US government’s move to liberate the surrounding activity of cryptocurrency may pave the way for customers to drive consumers through new products.
It can also help to close the new financing deal to Rolot, even after reports that it is approaching the sale of another shares at a price of $ 60 billion, at the top of the launch of this stable quin.
Revolution refused to comment on future secondary funds, and was the same non -committee on the topic of public proposal.
“We do not have an immediate plan or a timeline to announce the IPO,” said a spokesman. “Our current focus is on implementing our strategy – driving growth, spread globally, and continuing innovation for our customers.”