Future of Fintech: Revolut closes 2025 with record profit
Future of Fintech – Edition #186 (16th–31st Mar’ 26)
Fintech is entering a phase where scale and profitability are becoming more visible. Growth is being supported by expansion into new markets, stronger customer and merchant reach, and broader product distribution. AI, compliance, and infrastructure are also becoming more central to how financial services are delivered.
✔️ Scale with stronger profitability
✔️ Expansion across markets and channels
✔️ AI, compliance, and infrastructure
Ready to connect the dots? 👀
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The numbers behind Revolut’s scale
Revolut reported stronger results for 2025, with revenue reaching $6B and PBT rising to $2.3B. Profit before tax margin also increased to 38%, up from 35% in 2024.
The results were supported by growth across the business. Customer balances rose to $67.5B, while retail customers reached 68.3M and business customers 767K. Revolut also said 11 product lines each generated more than c.$135M in revenue.
A few other indicators also moved up:
→ Total transaction volume reached $1.7T
→ Paid plan adoption increased by 42% YoY
→ The lending portfolio grew to $2.9B
For deeper context on what is driving these numbers, WhiteSight’s Revolut Deep Dive Report 2025 explores how that scale is being built country by country, alongside greater product depth and regulatory leverage in the UK.
The latest numbers put Revolut back in focus for us. Stay tuned as we revisit its progress with fresh context 😉
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🚀 Startup Spotlight: WealthReach
This edition, we’re spotlighting WealthReach, a startup building AI-driven growth tools for financial advisors.
Financial advisors often manage discovery, content visibility, and outreach across separate systems. WealthReach is expanding this stack with Attract, an AI SEO agent designed to help advisors improve online visibility alongside its broader prospecting and outreach platform.
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Edition #186 focuses on the changes taking place across digital finance.
The Week’s Hot 10!♨️🔟
Scale Turns Into Profit
⤷ Revolut reported $6B revenue up 46% YoY, and $2.3B profit before tax, up 57% YoY in FY2025.
⤷ GoCardless reported that more than 35K businesses are using its open banking payments products.Reaching the 1M Milestone
⤷ Openbank crossed 1M customers in Mexico within a year, processing 20M+ transactions as it deepens local offerings.
⤷ Klarna surpassed 1M merchants globally, after adding 285K merchants in 2025 and growing merchant count 47% YoY.Expansion Enters New Markets
⤷ J.P. Morgan Payments partnered with Mastercard to launch its B2B virtual card offering to Europe, expanding a product it had already scaled in NA.
⤷ Wise secured five licences in Thailand, allowing it to launch foreign-currency wallets and cards in-market and deepen its APAC expansion.AI Moves To The Core
⤷ Solaris to restructure around AI-led banking operations and a more standardized financial infrastructure model across Europe.
⤷ Yapily partnered with Cortena to bring AI-driven operations for SMEs, combining Yapily’s open banking connectivity with Cortena’s AI agents.Automation Meets Compliance
⤷ Unit21 partnered with Helix by Q2 to simplify AML monitoring for BaaS programmes and improve suspicious activity detection.
⤷ WealthReach launched Attract, an AI SEO and AEO engine for financial advisors to create compliant, search-optimised content.
Now, for the ‘byte’-sized fintech buzz –
Digital banking is being shaped by embedded compliance and regulated expansion, as banks add tax tools and enter new markets through approval processes.
Starling launched a free Making Tax Digital for income tax tool for business customers, to let users submit quarterly tax updates directly to HMRC.
IuteBank was approved to begin operations in Ukraine following a bridge bank process.
Digital payments is moving toward more embedded support, as providers add merchant tools and AI guidance directly into payment experiences.
Fiserv partnered with Western Alliance Bank to deliver merchant commerce and payments technology including Clover to the bank’s clients.
GCash launched Pera Coach, an AI financial coach embedded in its e-wallet to provide personalized financial guidance and literacy support in local languages.
Digital Wealth is seeing sharper strategic positioning, as firms divest non-core units and deepen platform-focused investment.
Perpetual agreed to sell its wealth management arm to Bain Capital for AUD 500M, as it narrows focus to asset management and corporate trust services.
Goldman Sachs bought a minority stake in GeoWealth for $42.5M, extending an existing partnership with the Chicago-based turnkey asset management platform for RIAs.
Embedded finance is extending into everyday workflows, as providers add payments to field sales and platform-based payout flows.
Splitit launched Splitit Go to bring installment payments to in-person and field sales.
MyGigsters partnered with SuperChoice to add superannuation payments into Australian gig platforms.
Open finance is becoming more integrated, as connected financial data flows directly into business software and payment journeys.
Formance partnered with Powens to add bank connectivity from 2K+ European banks into Formance’s programmable ledger, so customers can sync bank transactions into their ledger.
RedZed partnered with Fiskil to implement compliant open finance APIs and data-sharing infrastructure, enabling it to meet Consumer Data Right requirements.
Fintech infrastructure is becoming more automated and intelligent, as banks adopt AI for fraud operations and modernize core systems to support digital transformation.
Cleafy launched Nyx, an AI-based fraud investigation platform for banks that automates the review of fraud alerts and attack patterns.
Infosys Finacle partnered with Producers Savings Bank Corporation to upgrade the bank’s core banking and digital systems in the Philippines.
And that’s a wrap 👋
We hope you enjoyed this edition of the Weekly Fintech Brew!
If you’re someone who likes to read think pieces, you will likely love our monthly blog, Fintersections, where our team members analyse the convergence of fintech with the world.
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