Revolut profit soars to $1.5 billion as Storonsky increases stake to more than 25%


Revolut logo is seen in this illustration taken July 29, 2024. REUTERS/Dado Ruvic/Illustration

LONDON (Reuters) -Revolut's pretax profit surged 149% last year to 1.1 billion pounds ($1.46 billion) as the financial technology firm rode a wave in crypto trading and earned more from interest rates and card fees, the company said on Thursday.

Revenue at the London-based fintech rose to 3.1 billion pounds, up from 1.8 billion pounds in 2023, it said, driven by income from interest on the back of higher rates, card payments and the company's "Wealth" segment, which includes trading and crypto products.

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