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Revoluthas reassert a new evaluation of $ 45 billion via a secondary market share sales event , in brief after the U.K.-based neobanksecured its own banking licensein the U.K.and Mexico .
The intelligence positions Revolut as one of Europe ’s most valuable private tech company .
ground in London in 2015 , Revolut isone of numerous fintechsto emerge from Europe over the preceding decade to challenge the big bank incumbents . Revolut offer a range of mountains of services spanning multi - currency accounts , payment and transportation services , crypto product , insurance and more . The company has also dilate beyond the U.K. into outside markets includingEuropeandthe U.S.
Revolut has raised around $ 1.7 billion since its origination , its most late tranche coming via aSeries E of$800 millionin 2021 , which generate it a $ 33 billion valuation post - money . In the intervene twelvemonth and against a backdrop of a global economical downswing , Revolut ’s valuationreportedly dippedat various joint . The speculationlast yearwas that it may have fall to around $ 20 billion .
With Revolut a private company , nothing was ever sustain . But off the back of record profits this year and potent exploiter growth , with customers hitting the 45 million mark , rumors emerged that the society wasseeking a rating of around $ 40 billion ; now that ’s been confirmed .
Revolut ’s secondary share sale today is contrive to goad “ employee liquidity , ” which the company says help oneself them to “ realize their donation to Revolut ’s growth . ”
“ It ’s their hard work , innovation , and dedication that has driven us to become the most worthful private technology company in Europe , ” Revolut CEO Nik Storonsky ( pictured above ) said in a statement .
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The secondary sales agreement included a mix of new and existing investor , with Coatue , Tiger Global and D1 Capital Partners leading the chase .
A $ 45 billion rating , alongside its late strong financials , user metric and fresh acquire banking licence , positions Revolut for its next phase angle . All oculus will be on the company ’s IPO plans , withreports suggestingthat it favors a U.S. listing , though the U.K. government is search to steer it toward domesticated shores .
