BEAMSTART Logo

Britain's Revolut surges to record profit as it seeks $40 billion valuation

Channel News Asia LogoChannel News Asia5d ago

Britain's Revolut surges to record profit as it seeks $40 billion valuation - Channel News Asia

Quick Summary:

LONDON :British fintech company Revolut made a record pretax profit of 438 million pounds ($553.81 million) in 2023 on strong user growth and soaring interest-related income, it said on Tuesday, as it looks to cement its place as Europe's most valuable startup.

Founded in 2015, Revolut is one of a handful of fintech companies to have emerged in Britain over the past decade, offering financial services without having physical branches.

In an interview with CNBC, Revolut CEO Nikolay Storonsky said the company was feeling confident about its chances of being granted a UK licence.


More Pictures

Britain's Revolut surges to record profit as it seeks $40 billion valuation - Channel News Asia (Picture 1)Britain's Revolut surges to record profit as it seeks $40 billion valuation - Channel News Asia (Picture 2)

or

Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 07:25:49 (5 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21457512

View Article Analysis

About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 1 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 17 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Britain's Revolut surges to record profit as it seeks $40 billion valuation" has 558 words across 22 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Britain's Revolut surges to record profit as it seeks $40 billion valuation" was covered 5 days ago by Channel News Asia, a news publisher based in Singapore.

How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news.

The outlet is headquartered in Singapore and publishes an average of 1 news stories per day.

It's most recent story was published 17 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #21457512
  • URL: https://beamstart.com/news/britains-revolut-surges-to-record-17199119037292

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.