Revolut’s Revenue Surges by 33% in 2022 Despite Crypto Bear Market, Reveals Report
London-based fintech company Revolut has reported a 33% increase in revenue in 2022, despite the decline in the cryptocurrency market and unfavorable macroeconomic conditions. The company’s CFO, Mikko Salovaara, revealed that Revolut’s revenue surged to $1.03 billion in 2022, with the number of new subscriptions and business accounts rising. Revolut offers clients the option to buy, sell, and exchange over 90 digital currencies, including bitcoin and ether. Salovaara said revenue from Revolut’s crypto operations declined compared to 2021, but the company has built strong momentum.