Revolut, a monetary expertise firm based mostly within the U.Okay. whose backers embody DST World, advised potential buyers lately it anticipated revenues to soar to $3.37 billion in 2022 from $279 million in anticipated income for 2019, The Data has realized. Revolut additionally predicted it might flip its first full-year revenue in 2022.
The figures had been a part of a presentation the fast-growing on-line banking startup distributed to potential buyers in current months because it sought a brand new spherical of financing. Revolut has reportedly mentioned elevating capital from buyers at a $5 billion valuation—a big leap from the $1.7 billion post-money valuation it garnered after elevating a $250 million spherical in 2018, based on monetary information agency PitchBook. The fundraising is nearing completion, based on an individual with information of the method.