Fintech company’s profits leap to £1.7bn as it gears up for US push after getting UK banking licence this month
The UK banking app Revolut has said it could face a backlash over its support for energy-intensive sectors such as crypto and AI, as it posted a 57% increase in profits for last year.
The fintech, which can now launch as a fully fledged UK bank after a five-year wait for regulatory approval, warned in its 2025 annual report that such activities posed a “reputational risk”.
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Fintech company’s profits leap to £1.7bn as it gears up for US push after getting UK banking licence this month
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The UK banking app Revolut has said it could face a backlash over its support for energy-intensive sectors such as crypto and AI, as it posted a 57% increase in profits for last year.
The fintech, which can now launch as a fully fledged UK bank after a five-year wait for regulatory approval, warned in its 2025 annual report that such activities posed a “reputational risk”. Continue reading…Technology | The Guardian