Revolut profit soars to $1.5 billion as Storonsky increases stake to more than 25%

LONDON (Reuters) -Revolut's pretax profit surged 149% last year to 1.1 billion pounds ($1.46 billion) as the financial technology firm rode a wave in crypto trading and earned more from interest rates and card fees, the company said on Thursday. Revenue at the London-based fintech rose to 3.1 billion pounds, up from 1.8 billion pounds in 2023, it said, 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. Its pretax profit was more than double the 438 million pounds in 2023.