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Banking License · Fintech · Profit Growth · Revolut
Revolut, the London-based fintech, reported a record GBP1.7 billion pretax profit for 2025, a significant increase from GBP1.1 billion in 2024, driven by a 30% surge in its global customer base to 68.3 million and a 46% revenue lift to GBP4.5 billion.
This "landmark year," as described by co-founder and CEO Nik Storonsky, saw Revolut secure a full UK banking license from the Bank of England's Prudential Regulation Authority in March 2026, nearly five years after its initial application. The company also applied for a US banking license in March 2026 and now operates as a licensed bank in over 30 of its 40 markets worldwide.
The UK license enables Revolut to offer a wider array of banking services, including lending and current accounts, which are already being rolled out to new UK customers. Revolut aims to reach 100 million customers globally by mid-2027, building on its technology-driven operating model that supports rapid expansion and profitability.
The company was valued at USD75 billion in a recent fundraise, according to Alliance News and Press Association reporting.
