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Revolut just hit a whopping $45 billion valuation through a secondary market share sale, hot on the heels of snagging banking licenses in both the U.K. and Mexico. Talk about a power move in the fintech world! This places Revolut among the cream of the crop as one of Europe’s most valuable private tech companies.
Born in London back in 2015, Revolut has been shaking up the financial scene with its array of services, from multi-currency accounts to crypto products. And let’s not forget their expansion into international markets like Europe and the U.S. With around $1.7 billion raised since day one, Revolut has been on a rollercoaster of valuations, with whispers last year hinting at a possible drop to $20 billion.
But fast forward to now, after record profits and hitting 45 million customers, the rumors were true – Revolut is looking at a $45 billion valuation. And their recent secondary share sale is all about giving their hard-working employees a chance to cash in on their contributions to the company’s growth.
The move attracted a mix of new and existing investors, with big names like Coatue, Tiger Global, and D1 Capital Partners leading the charge. With this new valuation, solid financials, and fresh licenses under their belt, Revolut is gearing up for what’s next. Will we see an IPO soon? Rumor has it that Revolut is eyeing a U.S. listing, but the U.K. government might have other plans. Stay tuned for the next chapter in the Revolut saga!
