Revolut posts first annual profits as it targets UK banking license

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Revolut posts first annual profits as it targets UK banking license
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Revolut posted its first annual profit after missing multiple deadlines to release its financials

The neo-bank almost tripled its revenue in 2021 amid a boom in cryptocurrency trading.Revolut, the London-based fintech firm, has posted its first annual profit after missing multiple deadlines to release its financials.

The bank's foreign exchange and wealth offering, which includes cryptocurrency trading, grew more than eight-fold in 2021 to £349 million .in interviews with Insider and other outlets, but the hard numbers only come after his firm missed several deadlines to release its financials.

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