Profit/(loss) for Revolut bank Group UK 2015-2018

Incorporated in December 2013, the London based challenger bank Revolut has grown exponentially. In February 2018, the London based company Revolut announced that they had hit 1.5 million customers, a figure that had grown to 8 million by December, 2019. Currently Revolut has the highest number of customers of any European online only bank.

Company mission

Revolut has two main pillars of intention as a company. The first is to create a single platform that fulfils the financial needs of its customers. The second target is for the bank to become truly global. Currently Revolut's products are supported across 36 countries worldwide. Since beginning operations, Revolut's aggressive expansion tactic has been possible through a series of funding rounds allowing the company to still grow with operating losses increasing annually. A positive sign for the digital bank is that it continues to see revenue growth.

Operating profit/(loss) for Revolut Bank Group in the United Kingdom (UK) from 2015 to 2018

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Sources

Release date

October 2019

Region

United Kingdom

Survey time period

December 31, 2015 to December 31, 2018

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Statistics on "App-only banks in the United Kingdom (UK)"

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