Tag: Francesca Carlesi

Revolut, Europe’s most valuable fintech, is about to exceed £1.5B ($1.9B) in annual revenue despite regulatory challenges. The fintech firm’s financial ascent comes amidst a climate of rising interest rates. An investor presentation seen by Bloomberg containing unaudited financials indicated Revolut’s monthly revenue averaged around £125M in the first half of 2023. This puts the company well ahead of its £850M revenue in 2022.

In a strategic shift that could signal a new chapter for the fintech giant Revolut, the company has positioned Francesca Carlesi at the forefront of its UK operations as the incoming CEO. This move comes at a critical juncture as Revolut navigates the complex process of securing a banking license in the UK, an endeavor that has proven challenging thus far. The FinTech is struggling despite its 35+ customers and successful international expansion in the UK.