Revolut Hits $45 Billion Valuation in Share Sale

UK fintech company Revolut has achieved a valuation of $45 billion following a secondary share sale by employees to investors including Coatue, D1 Capital Partners, and Tiger Global, making it Europe's most valuable private tech company. This valuation surpasses traditional UK banks like Barclays and NatWest, reflecting confidence in Revolut's growth potential. The sale allows employees to benefit financially and follows the recent acquisition of a UK banking license, which permits Revolut to offer loans, credit cards, and other banking services. Revolut, which has rapidly expanded to 45 million customers globally, is also considering an IPO, with potential listings in either New York or London. This development is seen as a significant boost for the company, amid broader investment downturns in the fintech sector.