Britain's most valuable financial start-up clients already hold $121m in encrypted assets

At The end of 2019, The annual report of Revolut-friendly fintech startup Revolut reveals that The value of encryption assets held by its customers has increased by 152%, while The company remains at a loss. Its net loss at The end of 2019 is $139 million, a doubling year on year, according to Revolut-Blockbeats.

In 2019, the number of Revolut users has risen to 10m, up 6.5m from the end of 2018. Revenue at Revolut has also leapt, up 180 per cent from $76m in 2018 to $213m.

At the end of 2019, its clients held $121 million worth of encrypted assets, up 152% from 2018. It is unclear which cryptocurrency Revolut's customers own the most.

In February, Revolut raised $500m in a Series D financing, valuing the company at $5.5bn, making it Britain's most valuable fintech start-up by market capitalisation.

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