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Revolut reports record profits as it hints at plans for IPO


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London-based fintech company has been waiting more than three years for its UK licence to be approved

Business live – latest updates

Revolut has reported record annual profits and further hinted at plans for a stock market flotation, despite still struggling to secure a UK banking licence.

The London-based fintech company, which has been waiting more than three years for its UK licence to be approved, swung to a £438m profit in 2023, having made a £25m loss a year earlier.

Continue reading…London-based fintech company has been waiting more than three years for its UK licence to be approvedBusiness live – latest updatesRevolut has reported record annual profits and further hinted at plans for a stock market flotation, despite still struggling to secure a UK banking licence.The London-based fintech company, which has been waiting more than three years for its UK licence to be approved, swung to a £438m profit in 2023, having made a £25m loss a year earlier. Continue reading…