Reported about 2 months ago
Revolut, the British fintech company, has reached a $45 billion valuation following a secondary share sale, significantly surpassing the market caps of major European banks like Societe Generale and Barclays. The sale, led by Coatue, D1 Capital Partners, and Tiger Global, allows employees to cash out shares, reflecting strong investor confidence in Revolut's growth potential and recent acquisition of a UK banking license. The company, founded in 2015, reported a record pretax profit of £438 million in 2023 and now boasts 45 million global customers.
Source: YAHOO