Revolut's 2022 Financial Report Delayed Again。For the UK fintech company, delaying the release of revenue and cost figures has almost become a tradition。It is reported that the company will not report 2021 results until March 2023.。

Revolut has yet to report last year's results

According to information from Companies House UK, Revolut was due to report results on August 30, but that date was pushed back to September 13.。Reuters has learned that the company has been granted another extension to delay the release.。

A Revolut spokesperson told Reuters: "We have received an extension to the filing of the 2022 accounts and look forward to publishing the 2022 audit and annual report in due course.。"

Revolut is valued at $33 billion and its finances have caused considerable controversy.。Although the company turned profitable for the first time in 2021, the report took two years to release.。The filing shows that the company expects revenue of 10 in 2022..$500 million, up 30% from the previous year。

In addition, auditors BDO LLP stated that they could not objectively verify 75% of the company's revenue (an estimated 7.$6.5 billion)。This has deepened the suspicions of regulators, who are understood to be working to obtain a banking licence in the UK.。Meanwhile, some of its rivals have already achieved that goal, including fintech firm Adyen.。

Revolut aggressively expands

While the company operates as a payments institution in the UK, it has a banking licence obtained in Lithuania to do business in much of Europe.。Due to obstacles to obtaining authorization in the UK, Revolut announced plans in May this year to obtain a license in Australia and launched a business account in Australia.。

Months later, it was revealed that Revolut was applying for a banking licence in the US。According to the survey, despite the challenges, Revolut still has some advantages that help it enter the U.S. market, such as its reputation as a disruptor in the financial industry.。