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Revolut
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== Market Trends and News == Revolut Becomes UK's Most Valuable Fintech Startup (September 2021) Revolut raised $800 million in a funding round, reaching a valuation of $33 billion. This made it the most valuable fintech startup in the United Kingdom. Revolut Expands to India and Other International Markets (August 2021) Revolut announced its expansion into India, allowing customers in the country to access its digital banking and financial services. The move marked the company's continued global expansion strategy. Revolut Adds Dogecoin to its Cryptocurrency Offering (July 2021) As cryptocurrencies gained popularity, Revolut responded to customer demand by adding Dogecoin to its list of supported cryptocurrencies, further expanding its cryptocurrency offerings. Revolut Faces Regulatory Scrutiny in Lithuania (June 2021) The Bank of Lithuania ordered Revolut to suspend some of its activities in the country due to compliance and regulatory concerns. The company worked with authorities to address the issues and ensure compliance with local regulations. Revolut Introduces Open Banking Features (May 2021) Revolut rolled out Open Banking features in some markets, allowing customers to connect their external bank accounts and manage finances from a single platform. Revolut Reports Strong Revenue Growth Despite Pandemic (March 2021) Despite the challenges posed by the COVID-19 pandemic, Revolut reported strong revenue growth for the fiscal year 2020, indicating the company's resilience and increasing user adoption during difficult times. Revolut posts over £100m adjusted EBITDA with £26.3m profit in first full year of profitability<ref>[https://www.revolut.com/news/revolut_posts_over_100m_adjusted_ebitda_with_26_3m_profit_in_first_full_year_of_profitability/]</ref> First full year of profit generated £100.3m adjusted EBITDA and £26.3m in profit (Net Income) for 2021 Revenues tripled from £220m in 2020 to £636m for 2021 Gross Margin improved from 33% in 2020 to 70% for 2021 Revenues increased over 30% to more than £850m ($1bn+) in 2022
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