Digital bank Revolut still needs billions of dollars in annual sales before it can go public, according to a Bloomberg report.
Revolut announced that 2020 adjusted revenues, that grew 57% to £261 million. However, operating losses in 2020 have doubled.
The CEO of Revolut Nik Storonsky claims his company broke even in November, just a month after Starling's Anne Boden announced the same.
Nikolay Storonsky is listed on the top of the Telegraph's “Tech Hot 100” for the first time with an estimated wealth of £1.06bn.
The challenger bank Revolut just announced that it has raised $80 million as part of its Series D round that it announced in February. This new funding comes from TSG Consumer Partners.
Last week, we reported on Revolut forcing some staff to leave their jobs without severance - citing underperformance or making them quit on their own accord for just a slice of severance. Since Revolut has not really addressed the issue publically so far, let's take a look at how has the CEO addressed it in messages he sent to his employees.
Revolut has secured itself a US broker-dealer license and is now about to compete in the trading app market, according to CNBC.