Digital bank Revolut made its first full-year profit in 2021 and saw revenue grow 33% last year, according to Mikko Salovaara, the company's chief financial officer. Although cryptocurrencies are a key part of the company's business, revenue grew to more than 850 million pounds ($1.03 billion) in 2022 on the back of payments, subscriptions and business accounts, Salovaara said. Its crypto revenue shrank in 2022 as the crypto market downturn hit the company. Encryption accounted for 5 to 10 percent of total revenue last year, Salovaara said. The company's accounts show it made a profit of £26m in 2021, helped by the boom in cryptocurrency trading.