Revolut reported a record pre-tax profit of $1.4 billion, more than doubling its earnings from the previous year, and announced it has started internal testing for mortgage services. The digital bank aims to launch mortgages in Lithuania, Ireland, and France within the year and plans to expand its retail credit offerings. With a growing customer base and significant revenue increases, Revolut is positioning itself to deepen customer relationships through a simplified mortgage application process.
Revolut achieved a remarkable financial performance in 2024, with a net profit of $1.0 billion and revenues soaring by 72% to $4.0 billion, marking its fourth consecutive year of profitability. The company's customer base grew by 38% to 52.5 million, driven by deeper engagement and a diverse product offering, positioning Revolut as Europe's most valuable private technology company.