[ad_1]
Revolut, a British-Lithuanian fintech firm identified for its crypto-friendly companies, lately launched its annual report for the yr ending December 2021. The report revealed that Revolut generated a income of £636 million ($769 million) in 2021, a big improve from the earlier yr’s £220 million ($266 million). This marks the corporate’s first-ever full yr of revenue since its launch in 2015.
Regardless of the optimistic monetary information, the corporate’s annual report has confronted points. Unbiased auditors from the worldwide accounting community BDO have reviewed the report and confirmed that it precisely displays the state of the corporate’s affairs as of Dec. 31, 2021. Nevertheless, the auditors additionally famous sure {qualifications} associated to the report, which may impression its accuracy.
In keeping with BDO’s certified opinion part, the report was right “aside from the attainable results of the issues described within the foundation for the certified opinion part.” This means that there are specific elements that will have an effect on the accuracy of the report, which the auditors have recognized and highlighted.
Regardless of this, Revolut’s management stays optimistic in regards to the firm’s future prospects. The neobank has quickly expanded its consumer base and vary of companies, together with permitting clients to purchase and promote cryptocurrencies like Bitcoin and Ethereum. The corporate has additionally expanded its operations globally, with workplaces in over 30 international locations and plans to launch in new markets.
Revolut’s CEO, Nikolay Storonsky, expressed his satisfaction with the corporate’s efficiency within the 2021 fiscal yr, stating, “We’re delighted to report our first-ever full yr of profitability, which is a testomony to the onerous work and dedication of our crew.” He additionally emphasised the significance of innovation and progress within the firm’s ongoing success, stating, “We’re persevering with to push boundaries and innovate with a purpose to present our clients with the very best expertise, and we look ahead to much more progress and success within the years forward.”
Revolut’s latest monetary success and ongoing growth efforts have cemented its place as a number one participant within the fintech business. Regardless of the problems with its annual report, the corporate’s robust monetary efficiency and deal with innovation bode nicely for its future prospects.
[ad_2]
Source link
