RevlutThe $ 45 billion nobanking startup established in the UK has dropped its IPO plans on the ice, but its balance sheet looks quite heated.
The company reported the net profit $ 1 billion (£ 790 million) in 2021, while its customer base increased by 38% to 52.5 million, according to which Annual reportThe Income has increased to $ 4 billion ($ 3.1 billion) by increasing 72% a year.
The message here is one of the overall strong growth.
This is the fourth direct year of Black in the Black. 2024 was a big year for the company – its net profit is more than twice as much as it has achieved 2023 ($ 428 million), and eventually it has secured a banking license in the UK home market, which is the largest. It has moved up to $ 45 billion evaluation behind the sale of a large secondary shares. And it has launched a crypto exchange, Revlut xThe
Some think that the exchange will be the predecessor of Revlut to launch its own stabiline. From what we understand it will expand multiple jurisdictions and beyond it Mika The crypto region, and it is taking some time to set up as a result of that complexity.
The company did not specifically break the revenue numbers for Revlut X, but it looks a bit like awakening. The exchange is part of the Revlut Wealth Group, which has increased from $ 1 million to 20% in 2021 to $ 647 million. Resources, which also include the income of his savings products, now the second largest part of the business of Revlut after the card is paid (that business has increased from $ 57 million to $ 17 million).
CEO and co-founder Nick Stoonsky (illustrated above) said in a statement, “There was a age-old year for the 2024 revolute.” “We welcomed about 15 million new users worldwide not only accelerated our customer growth, but we critically saw customers who took a wide range of our services in both our retail offers and Revolut business.”
Looking forward to the front, the company says that its two largest priorities for 2021 are the “Launch Banks (behind its license) and its customer base by twice 100 million.”
It is much more positive than the recent publication that replying Revlut is sued to reveal the money to the so -called “Deal Spy”, to report the internal work of replying to reporting the internal work of reply.
That new crypto exchange can play a role there. Revlut has been challenging to enter the US market so far, but the steps to release activities around the US government’s cryptocurrencies can facilitate the revlut for the users to run through new products.
It can also help stop the contract on new financing, followed by reports that it is at the top of the launch of stabiline, the other share of the $ 60 billion in the assessment of the other share.
Revlut refused to comment on future secondary funds and was equally committed to a public offer.
“We have no instant plan or timeline to announce the IPO related to the IPO.” “Our current focus is towards implementing our techniques – to increase driving, expand global and to continue to innovate for our customers.”