Revolut profit hits record $2.3 billion in 2025

* Revolut pre-tax profit hits record ​high

* Revenue driven ⁠by customer fees

* Company more ​than doubled loans to customers, mortgages "nascent" (Adds details on loans, banking licences ​from ‌paragraph 3)

March 24 (Reuters) - British finance app Revolut said its pretax ⁠profit hit a record 1.7 billion ⁠pounds ($2.3 billion) in 2025, up ​57% from the year before, more than doubling its lending, as the company positions itself to compete more directly with mainstream ​banks. Revolut, ‌which was recently cleared by regulators to launch its UK bank, said its revenue was 4.5 billion pounds, up from 3.1 billion the previous year, driven by ​income from fees charged to its 68.3 million customers.

The company ‌said it more than doubled its loans to customers, with its lending portfolio - which is ‌mostly consumer loans - growing 120% to 2.2 billion pounds. It described its mortgage business, launched in Lithuania, as "nascent." Founded in 2015, ​Revolut has emerged as the most successful of the handful of European ‌fintech companies founded in the 2010s, with no physical bank branches. It hit a $75 billion valuation in a private secondary share ⁠sale ⁠in November last year. The company is ‌seeking a banking licence in France, although it already offers banking services in ​the ​European Union by "passporting" a licence from Lithuania, ‌and has applied for a bank charter in the United States.