Marcel van Oost’s Post

🚨 𝘽𝙍𝙀𝘼𝙆𝙄𝙉𝙂: Revolut's Anual Report 2022 is out👇 The Key Takeaways: Revenue tops $1bn in 2022 and expects to hit $2bn in 2023 but net profit fell sharply to 6 million pounds, the company said in delayed annual accounts on Friday. Revenue increased to $1.1bn (£923m) in 2022, up 45% from $786m (£638m) in 2021  Revolut added almost 10m customers last year with a 71% increase in deposits and 55% increase in customers on paid plans. The business reinvested $265m (£215m) of gross profits for future growth, doubling its headcount and increasing spend on new product launches and global expansion . Revolut expects to hit $2bn (£1.7bn) in revenue and a double digit net profit margin for 2023. Nik Storonsky, Chief Executive Officer, commented: “2022 was another great year for Revolut, one where we broke away from the pack of our competitors. We strengthened our financial position, grew our customer base, launched multiple new products, expanded into new markets, and bolstered our risk, compliance and governance infrastructure. Looking ahead, our focus is on continued growth across all our markets. We remain committed to our ongoing UK banking licence application in addition to bringing the Revolut app to new markets and customers around the world. We recently surpassed 35m customers globally, who together make over half a billion transactions a month, as well as launched Revolut 10, our most significant overhaul of the design and layout of the app yet. These are great achievements, but we’re not slowing down, we aim to '10x' this, pushing towards 350m customers and beyond.” Check out the complete report below👇 A few interesting pages are: 3,4,5,12,13,14,15, and 24 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]  #revolut #neobank #digitalbanking #bankingapp #challengerbank #banking #bankingindustry #fintech #financialtechnology #fintechindustry #fintechnews