Revolut
- Revolut has secured a $45 million valuation via a secondary share sale.
- The London-based neo-bank recently obtained a UK banking license after several years of waiting.
- Founded in 2015, it has 45 million customers and reported revenues of $2.2 billion in 2023.
Revolut has secured a $45 million valuation via a secondary share sale, despite a wider slump in fintech valuations.
The London-based neo-bank, which recently secured a banking license in the UK, has signed agreements with institutional investors over a share sale that significantly boosts the company's valuation.
Founded in 2015, Revolut is working with investors, including Coatue, D1 Capital Partners, and existing investor Tiger Global, to provide liquidity to employees who own shares in the business.