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September 29, 2023
Finance Technologies

Revolut’s losses treble to £104.7m after year of rapid growth

Revolut’s losses trebled in 2019 to £104.7 million, following a year of rapid growth which saw the UK challenger hire 1,628 more staff, as well as launch in the US and Singapore. Up from £32.8 million in losses the previous year, Revolut’s 2019 financial results fit into the pattern of its UK competitors. Starling Bank’s losses doubled to £52 million in 2019, whilst Monzo’s losses more than doubled to £113.8 million the same year. Nikolay Storonsky, founder and CEO of Revolut Revenue surge But all these challengers have managed to claw up their revenues. Revolut’s was up to £162.7 million…
Revolut’s losses treble to £104.7m after year of rapid growth

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