Revolut is planning to blow up big

The company’s revenues have risen steadily in recent years, from 2022’s revenue of 1.12 billion dollars, they are expected to jump to 2 billion dollars in 2023, while their profit has also increased significantly, to approximately 350 million dollars. This amount also shows a significant increase based on the 2022 data, which indicates the effectiveness of the business strategy.

Revolut and Morgan Stanley are working together to implement the share sale, which, if the transaction is successful, could increase the company’s value by $7 billion compared to three years earlier.

In contrast, if we look at the data of the OTP Group, which has 17 million customers in 12 countries, its revenue was HUF 2,225 billion and its profit was HUF 991 billion. The company value of the OTP group is currently 13.4 billion dollars, while Revoluté could be worth up to three times that, 40 billion dollars, after the successful deal.

Revolut’s other plans include the opening of a branch in Hungary and the launch of mortgage lending at the international level, which could represent another milestone in the company’s life. In this way, Revolut can further strengthen its market position in the field of digital banking.