Revolut Broke Even in November 2020
Revolut managed to break even in November, marking a strong rebound for the digital banking start-up from the coronavirus crisis, CNBC reports.
Nik Storonsky, Revolut’s CEO and co-founder, said the firm saw a 40% dip in revenues in the early days of the pandemic, but added that business had improved significantly since then.
Revolut’s most recent accounts were released in August, showing the firm more than tripled its losses to £106.5 million ($142.1 million) in 2019, despite a 180% increase in revenues to £162.7 million.
