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.
%20Revolut.jpg "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.