Online bank Revolut published its delayed accounts for 2022 on Friday, removing a hurdle in its bid for a UK banking license as the fintech seeks to boost its operations. It said revenue for 2023 is on track to hit $2 billion, with double-digit net profit margin. "We remain committed to our ongoing UK banking licence application," Chief Executive Officer Nik Storonsky said in the annual report. Revolut, founded by Storonsky and chief technology officer Vlad Yatsenko, is one of the UK's most valuable startups. About 300,000 customers a week are signing up for Revolut's services, Bloomberg News has reported.

Source: Irish Independent December 22, 2023 14:59 UTC