Revolut Ltd's auditor BDO LLP was not able to independently verify three-quarters of the 636 million pounds ($765 million total revenue reported by the fintech firm in its long-delayed 2021 accounts, Revolut's annual report showed.
A spokesperson for Revolut said the bank's overall revenue figure "was not in question" and BDO's concerns were "remedied in 2021".
Revenue jumped again by 33% last year to more than 850 million pounds on the back of payments, subscriptions and business accounts, said Chief Financial Officer Mikko Salovaara, despite a downturn in crypto, which made up around 5%-10% of total income. Salovaara declined to say whether the company was profitable in 2022. It expects to publish annual accounts by June, although it could take longer, retaining BDO for the audit.in its last funding round in 2021, making it then Britain's most valuable start-up. Since its 2015 debut, it has raised about $1.7 billion from SoftBank and others.
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