RevReview 
is ready as well 
Some figures are far too low 
A chance to win for 1 year 
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Skipping to the ‘juicy’ bit - at least this year the independent Auditors have stated that they’re managed to audit Revolut properly for 2022, although with the * that 2021 audit wasn’t able to be completed.
So, at least that’s progress from Revolut and shows they’re sorting things out - might help encourage the FCA to give them the banking licence eventually…
Qualified opinion on the financial statements
In our opinion, except for the possible effects on the prior year figures of the matter described in the basis for qualified opinion section of our report the financial statements:
give a true and fair view of the state of the Group’s and Parent Company’s affairs as at 31 December 2022 and of its profit for the year then ended;
We have audited the financial statements of Revolut Group Holdings Ltd (“the Parent Company”) and its subsidiaries (“the Group”) for the year ended 31 December 2022 which comprise the Consolidated statement of comprehensive income, Consolidated statement of financial position, Consolidated statement of changes in equity, Consolidated statement of cash flows, Company statement of financial position, Company statement of changes in equity and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in the preparation of the Group financial statements is applicable law and UK adopted international accounting standards. The financial reporting framework that has been applied in the preparation of the Parent Company financial statements is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 Reduced Disclosure Framework (United Kingdom Generally Accepted Accounting Practice).Basis for qualified opinionQualified opinion solely in respect of the comparability of the current year’s figures for revenue and related balances and the prior year figures
For the year ending 31 December 2021 the group’s IT systems were not designed in such a way that would allow for IT or business process controls to be effectively tested throughout the year and substantive procedures alone were not able to provide sufficient appropriate assurance over the completeness and occurrence of revenue within Subscription, Card Delivery and Foreign Exchange and Wealth revenue streams totalling £476,856k for the year then ended. Consequently, we were unable to determine whether any adjustments to these revenues or related amounts were necessary. Our audit opinion on the financial statements for the year ended 31 December 2021 was modified accordingly.This matter has been resolved, and therefore we have been able to obtain sufficient appropriate audit evidence in respect of the relevant balances included in the financial statements as at and for the year ended 31 December 2022. Our opinion is only modified because of the possible effect of this matter on the comparability of the current year’s figures for revenue and related balances and the prior year figures.
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It’s good to see they’re making progress but they should honestly never have gotten themselves into that situation in the first place. Even with the improved position, it doesn’t make for a great statement.
Let’s hope they keep improving.
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It feels like there’s a long distance between ‘can’t even prepare their financial statements on time’ and ‘ready to be a regulated bank’, but yes I’m also hopeful for them they are headed in the right direction.
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You’ve been robbed, 2024 has 366 days. Get on to Revolut right now for those missing 24 hours.
Shysters.
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I think t’other half might veto Revolut metal if she finds out that it includes a Tinder subscription 
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I probably gonna get Revolut metal when my current annual FT subscription lapses, as Revolut metal has FT.com digital standard (same as I currently have) and I pay more than Revolut annual metal fee is for it.
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My FT still runs from Ultra even though I cancelled a month after.
May try for the Tinder, the other location based apps are horrific
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Are we just weird? Our two slept right through the night from the off!
Even now, 20 years later, they’ve been known to sleep through to 2pm.
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Slowly, slowly getting there 
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Lithuania
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“slowly getting to” become a too big to fail bank.
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I think we’re past that point, they (FCA/PRA) would probably allow liquidation followed by buy up these days.
Look at SVB et all in the US.
I’d be surprised if 2024 brings a banking licence for Revolut, but then again Kroo did get one so how bad do you really need to be 
Except in the UK they are not a bank and while I definitely wouldn’t want to see them fail, if they do, I seriously doubt the government would step in with taxpayers money. Thankfully a lot of their services shelter money in actual banks, should the worse happen. It seems pretty unlikely though.
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Indeed. Not a chance that’ll happen and we’ve seen this be the case in the US. Slice up and sell.
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The ‘safeguarding’ doesn’t protect your money 100% as the receivers can (and have) deducted their charges. Revolut going the way of Wirecard would be a massive undertaking to unwind so I’d say those charges could mount up .
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To note from earlier in this very thread on the safeguarding front:
Elsewhere on the internet I read about the case of Ipagoo, an e-money institution that went bust in 2019. Apparently ex-customers have only just been told that they will receive between 50% and 60% of their “safeguarded” funds, the rest is lost due to administration costs.
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Ok - so quick question about this. Firstly, I don’t believe Revolut is in any danger but…
I’ve used Revolut to buy ‘a few’ shares just for fun. And by ‘a few’ I literally mean 1 share in 4 different companies just to say ‘I’m a shareholder’ but not doing anything serious with them. In total they’re now worth about £500
I believe I ‘fully own’ the shares (they’re in my name?) - what would happen if Revolut did disappear? Or are they actually owned by Revolut on my behalf and so if they did go under they’d be taken by the administrators? Or would they somehow get transferred directly over to me and I’d need to manually manage them (keep track of the price, if I decided I wanted to sell them, I’d need to work out how to do that myself?). Could I transfer these shares to be managed by another company (hopefully with no charges!).
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Can’t remember which broker it was but several years back one did go badly and, as with the safeguarding, costs were deducted from the clients who thought the shares were entirely theirs.