Revolut posts €1.3bn pretax profit helped by crypto and rising interest rates 

Revolut said it now had 3m customers in Ireland at the end of 2024, an increase of nearly 14% from the end of 2023

Nikolay Storonsky, chief executive officer of Revolut Ltd. Photographer: Luke MacGregor/Bloomberg

Revolut's pretax profit surged 149% last year to €1.3bn as the fintech firm cashed in on increased demand for crypto trading and earned more from interest rates and card fees, the company said on Thursday.

Revenue at the London-based firm rose to €3.7bn, up from €2.1bn in 2023, driven by income from interest on the back of higher rates, card payments and the company's "Wealth" segment, which includes trading and crypto products.