Britain’s Revolut surges to record profit as it seeks $40 bln valuation

British fintech company Revolut made a record pretax profit of 438 million pounds ($553.81 million) in 2023 on strong user growth and soaring interest-related income, it said on Tuesday, as it looks to cement its place as Europe’s most valuable startup.

The results, filed ahead of a September deadline, were the first to be published on time in three years, after Revolut had delayed publication of both its 2021 and 2022 accounts.

The company has faced problems with its financial reporting previously...