Revolut blamed the mounting losses — which came despite a rise in revenue and customer numbers — on its investment in international expansion and new product offerings.
Revolut posted posted a total loss of £106.5 million for the year ending December 31, up from £32.9 million in 2018.
Despite the coronavirus pandemic, Revolut said momentum in its business hasn't slowed and that it added another 3 million users in 2020. The London-based start-up, which offers banking and trading services through an app, posted a total loss of £106.5 million for the year ending December 31, up from £32.9 million in 2018.
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