Revolut’s profit machine reaches escape velocity with 72% revenue surge & 149% profit growth in 2024 🤯🚀; Coinbase & PayPal unite to reshape digital payments landscape with stablecoins 🤝🪙

FinTech is Eating the World, 25 April

Hey Everyone,

Good morning & happy Friday! Another crazy FinTech week is about to end… 😳 Today’s issue couldn’t be better to finish such an intense week as we’re looking into Revolut whose profit machine reaches escape velocity with 72% revenue surge & 149% profit growth in 2024 (deep dive into their 2024 annual report, breaking down the most important numbers, what they mean & why you should be bullish on Revolut + lots of bonus reads inside), and Coinbase that just united with PayPal to reshape digital payments landscape with stablecoins (what the latest partnership is all about & what to expect next + bonus deep dives into PayPal, Coinbase & more inside). So let’s just jump straight into the incredible stuff 🌶️

Revolut’s profit machine reaches escape velocity with 72% revenue surge and 149% profit growth in 2024 🤯🚀

The news 🗞️ FinTech giant Revolut just delivered extraordinary financial results for 2024, cementing its position as a digital banking powerhouse.

Revolut now serves more customers than the banking heavyweight HSBC HSBC 0.00%↑, a remarkable milestone in its rapid ascent. With 52.5 million customers versus HSBC's 41 million, Revolut has transitioned from FinTech upstart to mainstream financial institution.

Let’s take a closer look at this, break down the most important numbers and what they mean, and see what’s next for Revolut.