Revolut, the $45 billion neobanking startup founded in the U.K., may have put its IPO plans on ice, but its balance sheet is looking pretty hot. The company reported net profit of $1 billion (£ ...

Storonsky now owns, directly or indirectly, more than 25% of Revolut, the report said, without disclosing what he owned previously. Customer numbers grew to 52.5 million, up from 38 million in 2023.

Revolut is further expanding its offering in the non-core business. After an eSIM for data, the neobank also wants to offer its own mobile phone contract. Revolut plans to launch its own mobile ...