British fintech Revolut revenue jumps, profit tumbles in 2022

Revolut, which ranked as the UK’s most valuable start-up with around a $33 billion valuation in 2021, has applied for a UK banking licence but is still awaiting approval. The company had said in September it had received permission to delay filing its annual accounts for a second year running. The auditor’s report published on Friday said that it had been able to obtain sufficient evidence for 2022’s figures.