Revolut swings to yearly loss as boss stays ‘committed’ to UK banking licence
by Anna Wise
Dec 22, 2023
2 minutes
Banking app Revolut revealed it swung to a loss last year as it stood by longstanding hopes of securing a UK banking licence.
The fintech company had cheered its first profitable year in 2021 after cashing in on a rise in crypto trading and growing its customers.
But it reported a pre-tax loss of £25.4 million
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