Revolut: Fintech unicorn triples revenue and losses amid customer boom - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Buzzy challenger banking unicorn Revolut triples both revenues and losses after adding 10 million new customers

London-based fintech unicorn Revolut tripled its revenues to £162.7 million in 2019 but also tripled its losses, compared with 2018.

"Despite the current economic challenges, we remain focused on our goal of moving towards profitability," Revolut CEO and cofounder Nik Storonsky said.London fintech challenger bank Revolut tripled its revenues to £162.7 million in 2019 but also saw losses triple to £107.4 million , it said in its annual report published Tuesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hey, take a quick look at my Twitter, please thanks

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CTV spending sees strong growth amid broader revenue decline - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

If you're unemployed, Business Insider wants to hear from you - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Thank god, it’s only for US
Source: BusinessInsider - 🏆 729. / 51 Read more »

Small business confidence rebounds from all-time low, but Main Street still has a long way to goSmall business confidence rose from an all-time low hit during coronavirus lockdowns, but on Main Street, the revenue, hiring and general business outlook remains mixed: CNBC|SurveyMonkey Q3 Small Business Survey. Just looking at history and I do that everyday. Feels like the summer of 1929. Hang on. We haven't seen nothing yet. They never learn at the top on Wall Street nor the Republican Party. I'm looking for Hooverilles nation wide by the end of the month. It's like a yoyo near its end, When are you CNBC Pandemic Propaganda Puppets going to start reporting on Covid w Full Transparency w Full Context? The market has already figured out what Dr Atlas, Dr Samadi& Alex Berenson already know. Protect Vulnerable. 0-70 & healthy not high risk disease. Wake Up Puppets!
Source: CNBC - 🏆 12. / 72 Read more »

After Bird loses Paris, scooter insiders predict consolidation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Try bidding in India 🇮🇳 What's unique about this market is that the marketing is wholly reliant on the physical world. They need to just sell to Uber at this point.
Source: BusinessInsider - 🏆 729. / 51 Read more »