Revolut's 2025 Report: Profitable, Growing, and Building on Their Own Terms
Hey FinTech Fanatic!
Private companies may not have earnings calls, but they sure know how to make noise when it’s time to share their yearly results.
Yesterday, Revolut released its 2025 annual letter, and the numbers shown belong in a case study.
- $6B in revenue.
- 11 different product lines that exceeded £100 million in revenue
- $2.3B profit before tax.
- 68 million customers.
- A $75B valuation, the most valuable private tech company in Europe.
Profitable and still growing fast? That wasn't in the scaleup playbook most people were used to a couple of years ago.
Nik Storonsky, Revolut CEO & Co-founder, mentioned that 2025 saw a 45% year-on-year increase in customers choosing Revolut as their primary bank, and at year's end, they operated as a licensed bank in 30 countries.
Revolut's 208-page annual report doesn't just celebrate; it's candid about what could slow them down.
One that stood out was the threat of traditional banks accelerating their digital offerings, which could intensify competition and squeeze margins.
For now, Revolut holds one key advantage: being private means no quarterly pressure from shareholders, giving them the freedom to build on their own terms.
Now, here's everything else moving in the industry today. Scroll down.
Cheers,
Q&A
➡️ From Bootstrap Mentality to $1B ARR: How Airwallex Built Profitability Without Taking Shortcuts. In this Q&A, Christos Chamberlain, GM of Airwallex UK & Europe, speaks about how the company built a global financial infrastructure business through disciplined, infrastructure-first growth, achieving over $1B in ARR while remaining EBITDA profitable.
FINTECH NEWS
🇩🇪 Going to Berlin for FIBE 2026? Join the first FRC x NAO run for a 5KM and free coffee after. ☕🏃♂️ RSVP now and run with us.
🇺🇸 FIS launches new cleared derivatives solution for prediction markets. FIS CD Prediction Clearing builds on the foundation of the FIS CD Books and Records Manager, which provides advanced post-trade clearing for derivatives. The solution replaces fragmented, batch-based processes with real-time processing, and its cloud-native architecture supports middle and back-office functions.
PAYMENTS NEWS
🇰🇷 Mastercard completes Korea's first live agentic transactions, unlocking trusted AI-powered commerce. The AI agent automatically searched for available transportation options, booked a ride, and securely paid for a car service from Incheon International Airport to a hotel in Gwanghwamun, Seoul.
🇺🇸 Splitit launches Splitit Go™, extending card-linked installments to field sales. Splitit Go™ is a mobile solution that brings credit-card-linked installments into face-to-face sales environments, including field services, in-store purchases, consultations, and other in-person transactions.
🇵🇰 SadaPay faces service disruption amid a regional outage. SadaPay clarifies that its core financial systems remain active. Users can still use debit cards, ATMs, and point-of-sale transactions, which shows that the company’s backend systems are separate from the app interface.
🇺🇸 IXOPAY and Zip US introduce a Unified Trust Layer framework to help merchants reduce risk in agentic commerce. The move aims to adapt payment infrastructure for AI-initiated transactions by improving transparency, reducing fraud risks, and enabling more secure, interoperable agentic commerce.
🇨🇦 Olympia to divest payment unit Olympia Currency and Global Payments to Shift Connect. OCGPI is a boutique foreign exchange and global payments firm. It offers customised currency exchange and cross-border payment services to individuals and small- and mid-sized businesses across Canada.
REGTECH NEWS
🇺🇸 Feedzai unveils RiskFM AI foundation model for financial crime prevention. RiskFM, trained on a broad global dataset spanning onboarding, transactions, and digital activity, enables faster, more accurate detection and response to financial crime.
DIGITAL BANKING NEWS
🇬🇧 Revolut reports record profit of $2.3bn for 2025 as revenue surges to $6bn. Customer growth remained strong, reaching 68.3 million users, as the company continued expanding globally and advancing its transition into a fully licensed global bank.
BLOCKCHAIN/CRYPTO NEWS
📰 Here's a list of the most valuable "crypto" companies by Our Crypto Talk 👇
PARTNERSHIPS
🇺🇸 Yeeld partners with Checkout.com to enable flexible surcharging and pricing optimization for platforms and merchants. Through this collaboration, Checkout. com customers can leverage Yeeld's Surcharging API and YeeldPay to dynamically apply surcharges, optimize pricing strategies, and unlock new revenue streams, all while maintaining a seamless end-customer experience.
🌍 SumUp partners with Upvest to launch in-app investing, enabling merchants to grow their cash with money market funds. Through Upvest’s API-first infrastructure, merchants can invest in fractional money market funds directly within the SumUp platform, starting at €1.
🇮🇳 Razorpay and Sarvam AI partner to bring voice-AI conversational commerce to India. The partnership brings together Sarvam's models and agentic stack with Razorpay's agentic payments infrastructure, allowing customers to discover products, place orders, and complete payments simply by conversing in their language.
🌏 Rain expands Visa membership into Asia-Pacific, enabling partners to launch and scale stablecoin-powered card programs across the region. The move strengthens Rain’s global infrastructure and positions it to support payments in one of the fastest-growing digital asset adoption markets.
🇺🇸 BitGo and Susquehanna Crypto launch first-of-its-kind institutional OTC access to prediction markets. The offering is designed to enable hedge funds, family offices, and ultra-high-net-worth individuals to trade listed prediction markets on an OTC basis using cryptocurrency or stablecoin-denominated collateral already held within BitGo’s platform.
DONEDEAL FUNDING NEWS
💰 Over the last week, there were seven FinTech deals in Europe, totaling €119.6m in disclosed funding, including three transactions in France, two in the UK, one in Sweden, and one in Germany.
🇿🇦 littlefish raises $9.5 million to scale its merchant operating system across Africa. The new capital will be used to grow its team, accelerate product development, and deepen its footprint in South Africa. littlefish will also use the funding to expand into more than ten African markets.
🇺🇸 Zalos secures $3.6m seed funding led by Swiss VC 14Peaks Capital. The startup plans to use the funding to enhance its technology and expand its customer base, shifting focus from midmarket ERPs to enterprise-level ERP systems. Continue reading
🇺🇸 Worth raises $30 million in Series A funding to fuel record growth. This capital will be used to refine Worth’s existing technology, introduce Know Your Agent frameworks, and deploy new product updates, such as Worth’s Decision Intelligence.
🇺🇸 Spade raises $40M for smarter transaction data. The capital will be used to expand beyond its current API services and build out its comprehensive data and AI platform. Read more
🇺🇸 Digital asset manager ParaFi raises $125 million for new venture fund, focusing on stablecoins, tokenization, and institutional on-chain finance. The rise signals continued investor confidence in long-term blockchain infrastructure despite recent market volatility.
🇮🇳 Finfinity raises $2.4 million to expand its digital lending marketplace and strengthen its FinTech ecosystem. The newly raised funds will be used to scale operations, invest in product development, and strengthen partnerships with financial institutions.
M&A
🇸🇪 Morrow Bank to acquire MedMera Bank, creating a leading Nordic consumer finance platform and accelerating profitability. The deal is expected to boost scale, improve profitability, and drive long-term earnings growth, with earnings per share projected to more than double by 2028.
🇬🇧 Versabank to sell its only bank branch in Holdingford, Minnesota, to Stearns Bank. The move is expected to improve operational efficiency as the bank focuses on scaling its U.S. business-to-business digital banking activities. Continue reading
MOVERS AND SHAKERS
🇬🇧 Starling appoints Keith Algie as the new Group Chief Risk Officer. Algie’s extensive background in banking risk is essential for Starling as it balances its agile, tech-led roots with the stringent compliance requirements of a large-scale operator.
🇫🇷 FinTech Qonto hires Lorenzo Pireddu as its new head for Southern Europe. He will lead operations across Italy, Spain, and Portugal. The move supports Qonto’s strategy to expand its financial services for SMEs and freelancers and strengthen its position in key European markets.
🌍 Kraken hires Binance exec Lorenzo Capone to lead Italy and Southern Europe growth. Based in Rome, Capone joins from Binance, where he led marketing and business development in Italy, bringing extensive crypto industry experience to support Kraken’s growth strategy.
🇬🇧 Monument Bank appoints Rachel Kerrone as Director of Brand & Marketing. At Monument, she will lead brand, marketing, and communications strategy across the bank’s UK operations and planned international expansion. Her remit includes brand positioning, customer growth, and building the marketing function.
🇬🇧 TrueLayer appoints Stefano De Lollis as head of e-commerce. At TrueLayer, Stefano will lead the company’s e-commerce strategy, working with merchants and partners to scale Pay by Bank across high-growth sectors, improve conversion, and deliver faster, more secure payment experiences for consumers.
Want your message in front of 275.000+ FinTech fanatics, founders, investors, and operators?
Comments ()