Revolut posts €1.3bn pretax profit helped by crypto and rising interest rates 

Its pretax profit was more than double the €512m it reported in 2023.
Revolut said it now had 3m customers in Ireland at the end of 2024, an increase of nearly 14% from the end of 2023, with 75% of Irish adults now owning an account.
It said that progress is strong for its much-anticipated mortgage product, which is expected to be launched on the Irish market in the second half of 2025.
The fintech has emerged as the most successful of the handful in Europe which were founded in the past decade with a digital-only model.
It was valued at €40bn last year, rivalling big European lenders, and it has plans to expand further into mortgages and consumer lending to challenge traditional lenders.
The valuation followed it securing a UK banking licence, ending a three-year wait after running into difficulty following scrutiny over its internal accounting. Revolut said on Thursday it expected to start operating as a UK bank this year.
Revolut will also launch its Mexican bank in the coming months, recently received its Prepaid Payment Instruments license from India’s central bank, and has 10 other license applications underway around the world.
“We’re making strong progress towards 100m daily active customers across 100 countries,” CEO and founder Nikolay Storonsky said.
In its annual report, Revolut also said Mr Storonsky increased his ownership of the fintech in April 2025 by acquiring an "indirect, non-voting interest" in the company during a reorganisation of its ownership structure.
Mr Storonsky now owns, directly or indirectly, more than 25% of Revolut, the report said, without disclosing what he owned previously.
Customer numbers grew to 52.5m, up from 38m in 2023.
Revenues in its "Wealth" business grew 300% year-on-year, driven by increased crypto trading and the launch of Revolut's crypto exchange.
Revolut remains small for customer lending, reporting €1.2bn of customer loans on its balance sheet in 2024, up from €617m the year before. It added that customer balances in Ireland continue to grow, rising almost 80% in 2024 versus 2023.