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 26-Feb-18, CNBC

British digital banking app Revolut has broken even for the first time, in a rare development for a niche sector that has struggled with profitability.

Digital banking start up Revolut prepares global expansion (c) Revolut

Image: Revolut

Revolut broke even for the first time in Dec-17, and its monthly transaction volume surged to USD1.5 bn, an increase of over 700 percent in the last 12 months.

The start-up has signed up a total of 1.5 million users to its mobile app, up 50 percent from Nov-17.

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 Financial Services insights 

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