Revolut records first ever profit after posting delayed accounts

The finance app is one of Europe’s largest start-ups, with millions of users

Revolut was valued at $33 billion in a funding round in 2021. Picture: Getty

Revolut, the popular finance app, made its first annual profit in 2021 after nearly tripling its revenues, according to delayed accounts published by the company.

The London-based business said pretax profit of £39.8 million (€45.2 million) in 2021 compared to a loss of £220.7 million a year earlier, with revenue jumping to £636 million.

The firm said its biggest source of revenue was foreign exchange and wealth, overtaking payment cards. Gross margins increased to 70 ...