UK online bank Revolut doubles annual profit

LONDON, Apr 24 (AFP): British online bank Revolut said Thursday it more than doubled net profit last year to œ790 million ($1.1 billion) as customer numbers surged particularly in France, its new second-biggest market.

"We not only accelerated our customer growth, welcoming nearly 15 million new users globally, but critically, we also saw customers engaging more deeply by adopting a wider range of our services," chief executive Nik Storonsky said in a statement.

The fintech said it grew customers to 52.5 million worldwide, up 38 per cent compared with 2023.

It gained more than one million customers in France, bringing the total to over five million.

"I think by end of next year we should reach 10 million customers in France, because right now we are getting 200,000 customers per month," Revolut's chief growth and marketing officer, Antoine Le Nel, told AFP.