Revolut has recently been valued at $45 billion through a secondary market share sale, following the acquisition of its own banking license in the U.K. and Mexico.
This announcement solidifies Revolut as one of the most valuable private tech companies in Europe.
Established in London in 2015, Revolut is part of the wave of fintech companies emerging from Europe to challenge traditional banking institutions. Offering a wide range of services such as multi-currency accounts, payment solutions, crypto products, and insurance, Revolut has expanded its operations beyond the U.K. to Europe and the U.S.
With approximately $1.7 billion raised since its inception and a recent $800 million Series E funding round in 2021, Revolut has seen fluctuations in its valuation over the years, reaching a high of $33 billion. Recent record profits, strong user growth, and the achieved 45 million customer milestone have led to speculation and now confirmation of the $45 billion valuation.
Through a secondary share sale aimed at providing liquidity to employees, Revolut acknowledges and rewards the individuals who have contributed to its success. CEO Nik Storonsky commended the team for their hard work, innovation, and dedication.
Notable investors such as Coatue, Tiger Global, and D1 Capital Partners participated in the secondary sale, further bolstering Revolut’s valuation and future prospects as it progresses towards potential IPO plans, with reports suggesting a preference for a U.S. listing despite government encouragement for a domestic approach.
