Revolut's Ambitious Growth Plan

In a bold statement, Nikolay Storonsky, CEO of Revolut Group Holdings Ltd, announced the company's ambitious goal to reach 100 million daily active users across 100 countries. This announcement was made alongside the release of Revolut's annual report for 2024, showcasing significant growth and profitability.

Financial Highlights of 2024

The digital banking giant reported a 38% increase in its global customer base, now totaling 52.5 million users, with customer balances soaring by 66% to $38 billion. Group revenues witnessed a remarkable 72% surge, reaching $4.0 billion, up from $2.2 billion in 2023.

Profitability and Market Position

Marking its fourth consecutive year of profitability, Revolut's profit before tax jumped 149% to $1.4 billion, with net profit more than doubling to $1.0 billion. Storonsky highlighted, "This performance has solidified our position as Europe's most valuable private technology company, a testament to the confidence investors have in our future."