Revolut reveals first annual profits
Revolut has posted its first annual profit of £26.3m in 2021, following a tripling of revenues to £636m from £220m in 2020.
The numbers come from Revolut’s annual report for the year, finally published after reported delays between the fintech company and its auditors BDO.
In 2021, Revolut saw the onboarding of 5 million customers helping boost its deposit balances to £7.4bn by the end of 2021. In 2020 these stood at £4.6bn).
