Key growth figures of Revolut 2023

Revolut had a vastly successful year in 2023, with all performance indicators witnessing massive growth rates. The revenue of the London-based digital bank had an almost 95 percent growth rate. The net profit of Revolut increased even more, with a growth rate of an exceptional 5,830 percent.  In 2023, Revolut had the highest number of customers of any European online bank.

Revolut

Revolut has two main pillars of intention as a company. The first is to create a single platform that fulfills the financial needs of its customers. The second target is for the bank to become truly global. In 2023, Revolut's products were supported across 38 countries worldwide. Revolut saw exceptional growth rates between 2022 and 2023, with revenue, retail customer base, total assets, total equity, net profit and total comprehensive income seeing massive growth rates. 

Disruptors

Banking and financial services are typically among the first industries to embrace technological advances; starting as far back in time as the appearance of automated teller machines (ATMs) and credit cards. Ever since the first secure internet systems for financial operations became available on a large scale, accessing one's bank account online to carry out transactions, pay off credit cards, establish credit lines or invest savings became one of the fastest growing areas of internet activities. The penetration of online banking in Great Britain has been attributed in part to the agility with which challenger banks can adapt and evolve, as well as their ability to attract large amounts of funding. In terms of market value, Revolut is one of the largest online banks in Europe.