Revolut, the $45 billion neobanking startup founded in the U.K., may have put its IPO plans on ice, but its balance sheet is looking pretty hot. The

Revolut's pretax profit surged 149 per cent 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,

Revolut doubled profits from £438 million in 2023 to £1 billion in 2024. The fintech company secured its UK banking licence in 2024. The growth in profit is linked to new users, a banking licence, and a growth in crypto trading.