The British digital bank Revolut launched a secondary share sale that elevates its valuation to $115 billion, representing growth of over 50% compared to its previous valuation. The transaction was confirmed to employees by CEO Nik Storonsky, setting the price at $2,017 per share.
This increase consolidates the neobank as Europe’s most valuable startup, surpassing the market capitalization of traditional giants like Barclays. After obtaining its full banking license in the United Kingdom and driving revenues of $4 billion in 2024, the milestone reflects strong investor confidence in its credit expansion and user growth, which has now crossed 70 million users globally.
With this move, Revolut strengthens its internal liquidity without the need to issue new equity. The fintech’s next strategic step aims to consolidate its offering of protected deposits and large-scale credit products, solidifying its hegemony in the global financial sector.
Source: https://goo.su/G2ZY789
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