Revolut is recovering!

Here are some very good news !!! I personally use it a lot and I am very happy compared to any other bank/company online service.

Revolut is a company valued at $5.5 billion. And even though at the beginning of the pandemic she saw her income fall by 40%, she finally managed to have marginal profits!

Financial statements for 2019 recorded a three-fold loss of £106.5 million despite a 180% increase in revenue.

Revolut’s CEO mentioned that the company can maintain profitability, but it depends on how fast it can grow. As of now, Revolut has 15 million individual customers and 500,000 corporate accounts

The important thing is that it is a growing and evolving online banking service company. It is already way ahead from the traditional banks in terms of technology and online service, with more competitive pricing and its future seems brighter by the day. I am pretty sure that once the market stabilizes and the crypto-market gets more popular, Revolut will start showing great revenues.

Source,

https://www.theceo.gr/nik-storonsky-revolut-anakabtoume-me-oriako-apotelesma/