Revolut reaches $45 billion valuation in secondary share sale By Investing.com

Investing.com – Fintech company Revolut has secured a $45 billion valuation through a secondary share sale, the company said in a statement on Friday.

The sale is intended to provide liquidity to employees. The move, which is intended to provide liquidity to employees, attracted a group of leading technology investors, including Coatue, D1 Capital Partners and existing backer Tiger Global.

The secondary share sale comes on the heels of a strong financial performance from Revolut. The company reported revenue of $2.2 billion for 2023, up 95% year-on-year, and record pre-tax profit of $545 million.

This upward trend has continued through 2024, with revenue growth of over 80% and improved profitability.

With over 45 million customers worldwide and a goal of 50 million by year-end, the company is rapidly expanding its user base.

Recent milestones, such as securing a banking license in Mexico and being granted a UK banking license, further cement Revolut’s position as a global financial company.

With this latest valuation, Revolut continues to outshine its competitors and cements its position as a leading player in the global fintech landscape.