Revolut joins Europe’s biggest banks with $45 billion valuation after share sale

Britain’s Revolut has been valued at $45 billion through a secondary share sale to new and existing investors, the financial technology firm said on Friday, making it worth more than some of Europe’s biggest banks.

The share sale, which enables current employees to cash out some of their shares, is being led by Coatue and D1 Capital Partners, and existing investor Tiger Global, Revolut said.

The valuation cements Revolut’s position as one of Europe’s most valuable fintechs.

Source: REUTER