Revolut, a UK-based fintech company, has reached a valuation of $45 billion following a secondary share sale by employees. This significant valuation positions Revolut as Europe’s most valuable startup. The sale included participation from notable investors such as Coatue, D1 Capital Partners, and Tiger Global. The transaction not only allowed employees to cash in their shares but also introduced new investors to the company.
Revolut’s current valuation surpasses its 2021 valuation of $33 billion, which followed an $800 million investment round. This places Revolut ahead of competitors like Klarna and Checkout.com. Additionally, Revolut’s valuation is now higher than that of French bank Societe Generale and closely rivals Barclays’ market cap of $43 billion. These figures highlight Revolut’s rapid growth and increasing influence in the fintech sector.
Employee Benefits and Investor Interest
The secondary share sale allowed Revolut employees to benefit financially from their stock, while also attracting fresh investment. CEO Nik Storonsky expressed his gratitude towards the employees, crediting their hard work and innovation for the company’s success.
“We’re delighted to provide the opportunity to our employees to realize the benefits of the company’s collective success. It’s their hard work, innovation, and dedication that has driven us to become the most valuable private technology company in Europe.”
The involvement of new investors signifies increased confidence in Revolut’s future prospects.
Potential London Listing
Reports indicate that the UK government is attempting to persuade Revolut to list in London instead of New York. With over 45 million customers, Revolut is reportedly considering a New York listing. This potential move highlights the company’s global ambitions and the competitive nature of international financial markets.
In 2023, Revolut achieved revenues of $2.2 billion and pre-tax profits of $545 million. These impressive financial results, combined with the recent share sale, underscore the company’s robust performance and growth trajectory. The acquisition of a UK banking licence further solidifies Revolut’s establishment in the financial sector, enabling it to offer a broader range of services to its extensive customer base.
Revolut’s latest valuation and strategic steps indicate its significant position in the fintech landscape. The company’s ability to attract top-tier investors and its consideration of a high-profile stock market listing demonstrate its potential for continued growth. For stakeholders and potential investors, understanding these developments provides valuable insights into Revolut’s future direction and market strategy.
