Revolut has reached a record valuation of 75 billion dollars, allowing its employees to sell up to 20% of their shares, generating massive profits comparable to an early IPO.
In just four years, the fintech has grown from 33 to 75 billion dollars, solidifying its status as a global giant and outpacing most European players in the sector.
With over 50 million customers, Revolut is focusing on international expansion, particularly in the United States, while strengthening its crypto services and facing UK regulatory challenges.
A Downpour of Millions for Employees
Revolut has sent a strong signal to the market. The British fintech allows its employees to sell up to 20% of their shares based on a massive valuation of 75 billion dollars, according to Financial Times sources. Thousands of employees will now cash in on a jackpot akin to an early IPO. As the most valued startup in the UK, it’s also a way to satisfy an insatiable appetite of investors.
As part of our commitment to our employees, we regularly offer them opportunities to obtain liquidity. A secondary sale of shares by employees is currently underway, and we will make no further comment until it is completed.
From 33 to 75 Billion in Four Years
The trajectory is dizzying. In 2021, Revolut was valued at 33 billion dollars after a funding round led by SoftBank and Tiger Global. By August 2024, an internal share sale had already boosted the valuation to 45 billion.
Last July, the fintech raised funds on a “mixed” basis of 65 billion. Today, it crosses a symbolic threshold with this new level at 75 billion. A figure that places Revolut among the global fintech giants, far ahead of most European competitors.
A Global Expansion Strategy
The operation is not only a windfall for its employees; it is part of an aggressive strategy. Revolut is aiming to strengthen its international presence and is even considering acquiring a licensed bank in the United States. The goal is to be able to lend across the entire US, a crucial leverage to compete with traditional financial behemoths. With over 50 million customers worldwide, including 11 million in the UK, the company now moves forward as a serious contender for global banking status.
On the crypto front, the fintech has recently expanded its range of services successfully by offering trading of dozens of tokens, direct staking from the app, and even secure custody features to attract individual investors.
Between Regulation and Impatience
Last year, after three years of negotiations, UK regulators finally granted Revolut a national banking license. But the road ahead is still fraught with obstacles: the company must undergo a “mobilization” phase to roll out its banking infrastructure and obtain authorization to lend in the UK. Currently, its banking division can only accept £50,000 in deposits per client. A meager cap given its global ambition, but one that could be lifted as soon as regulators deem its internal controls robust enough.
A Close Scrutiny of Rising Power
This new valuation is a coup, but also a test. Markets are closely monitoring Revolut’s ability to turn its millions of users into profitable banking customers. The transition from an agile neo-bank to a regulated global bank is not just a technical challenge; it is also a cultural battle against centuries-old institutions. But at 75 billion dollars, Revolut cannot afford to make mistakes.
