That was helped along by rising interest rates, which added an extra £400 million in interest income during the year, as well as a more-than 50% jump in customer subscription income, which now accounts for around £250 million of the firm’s turnover.
In contrast to wider trends in the tech sector, which as a whole saw more than a quarter of a million layoffs in 2023 according to job cuts tracker layoffd.fyi, Revolut has been on a hiring spree, adding more than 2,000 staff to top 8,000 by the end of last year, with plans to increase headcount by an even greater number in 2024.
