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Cryptocurrency boom fails to stem losses at UK fintech firm Revolut

Technology | The Guardian

Losses almost double last year despite growing demand for crypto trading pushing up revenues 34%

Losses at the British fintech firm Revolut nearly doubled last year, despite cashing in on the year-end cryptocurrency boom.

The company – founded by the former Lehman Brothers trader Nik Storonsky and chaired by the ex-Standard Life Aberdeen boss Martin Gilbert – said it made £39m on its cryptocurrency investments last year, while growing demand for its crypto trading services helped pushed revenues up 34% to £222m in the 12 months to 31 December.

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June 22nd 2021, 4:10 pm
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