{"id":27160,"date":"2020-08-12T11:57:42","date_gmt":"2020-08-12T08:57:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27160"},"modified":"2025-08-26T19:07:02","modified_gmt":"2025-08-26T16:07:02","slug":"revoluts-losses-triple-despite-growth-in-revenue-and-user-base","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/revoluts-losses-triple-despite-growth-in-revenue-and-user-base\/","title":{"rendered":"Revolut&#8217;s losses triple despite growth in revenue and user base"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The British fintech startup Revolut reported its financial results for 2019.<\/span><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">According to CNBC<\/span><a href=\"https:\/\/www.cnbc.com\/2020\/08\/11\/revolut-2019-results-losses-revenues-triple-in-2019.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">CNBC<\/span><\/a><span style=\"font-weight: 400;\">, as of December 31, 2019, the company&#8217;s losses stood at \u00a3106.5 million (about $140 million). By contrast, in 2018 the figure stood at \u00a332.9 million (over $40 million).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the same time, Revolut&#8217;s revenue rose by 180% \u2014 from \u00a358.2 million (about $76 million) in 2018 to \u00a3162.7 million (about $213 million).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company&#8217;s user base grew to 10 million from 3.5 million the year before. Daily active users rose by 231%, and paying users by 139%, said Revolut chief Nikolay Storonsky.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The growing losses were attributed to increased investments in new products and international expansion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Revolut also stressed that, despite the coronavirus pandemic, the startup&#8217;s momentum did not slow.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In April, the online bank Revolut<\/span><span style=\"font-weight: 400;\"> opened<\/span><span style=\"font-weight: 400;\"> the ability to trade cryptocurrencies for all users.<\/span><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British fintech startup Revolut reported its financial results for 2019.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1532,1396],"class_list":["post-27160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-finance","tag-revolut"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=27160"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27160\/revisions"}],"predecessor-version":[{"id":27161,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27160\/revisions\/27161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=27160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=27160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=27160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}