At first glance, their revenues are still <$0.5 bn and they have scaled their customer base somewhat gradually to 16 mn. So, why did the valuation jump 6X to $33 bn in just a year?
Looking forward to, Revolut scaling up its customer base to >100 mn globally.
In short, for its next stage of growth, Revolut needs to do a #NuBank - not just in one market, but across Europe, UK, US, India, Japan and Australia.
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