Revolut confirms $115BN valuation, after completing secondary sale

Revolut has announced its valuation has reached $115 billion after successfully completing a secondary share sale. The fintech company's valuation has more than doubled in just two years, solidifying its position as Europe's most valuable private technology firm. The secondary sale, led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price, and Baillie Gifford, saw existing shareholders, including employees and investors, cash in their shares at approximately $2,017 each.

No additional capital was raised during the round. Last year, Revolut's valuation reached $75 billion before rising to its current $115 billion figure. The company's CEO and founder, Nik Storonsky, expressed optimism about the impact of each new banking license, stating that it enables more people to access better financial management tools regardless of their location.

Revolut's CFO, Victor Stinga, highlighted the company's achievements and the confidence of its investors, emphasizing the progress made in strengthening Revolut's digital banking services and setting the stage for further global expansion to serve 100 million customers.