Digital bank Revolut expects revenue to exceed £1.5bn in 2023

On December 20th, it was reported that UK digital bank Revolut is expected to generate revenue exceeding £1.5 billion (approximately $1.9 billion USD) by 2023. According to unaudited financial reports, Revolut's average monthly revenue in the first half of 2023 is estimated to be around £125 million. Sources have revealed that Revolut currently adds approximately 300,000 new users per week and has nearly 40 million customers worldwide.

Revolut has recently launched new products to increase returns. The company's interest income is three times its foreign exchange income, and cryptocurrency activities have decreased to less than 5% of the platform's total transaction volume. Currently, Revolut is actively seeking a banking license in the UK to offer credit cards, loans, and deposit services in the country.