Revolut Hits $115B Valuation in Secondary Sale

Revolut has launched a secondary share sale valuing the London-based fintech at $115 billion, with shares priced at $2,017, marking a more than 50% jump from its $75 billion valuation last year. The move allows current and former employees to sell part of their holdings without the company issuing new shares or pursuing a traditional IPO. The hefty valuation cements Revolut as Europe’s most valuable startup and places it above Barclays in market worth, reflecting strong investor confidence in its growth, including its banking licenses in the UK and EU and its expanded product suite. Revolut’s recent performance underscores its scale, with revenues rising sharply and a user base surpassing 70 million, driven by crypto and traditional banking services. The company aims to deepen its protected deposits and large-scale credit offerings as it transitions to a fully licensed bank while pursuing future growth milestones, including potential U.S. expansion.