The Growth of Revolut: A Closer Look at the $45 Billion Valuation

British fintech startup Revolut recently announced that it has achieved a valuation of $45 billion in a secondary share sale. This significant milestone is a testament to the company’s strong financial performance in recent quarters and its progress in executing strategic objectives. Led by investors such as Coatue, D1 Capital Partners, and Tiger Global, this round of funding highlights the confidence that both existing and new investors have in Revolut’s potential for growth.

Employee Benefits and New Partnerships

With the increased valuation, Revolut is not only rewarding its employees for their contributions to the company’s success but also forging partnerships with new investors who share its vision. CEO Nik Storonsky expressed his delight in providing employees the opportunity to realize the benefits of the company’s collective success. Additionally, he mentioned the excitement of partnering with investors who are aligned with Revolut’s goal of redefining the banking landscape.

Banking License and Future Plans

Revolut’s $45 billion valuation comes on the heels of the company being granted a banking license with restrictions in the U.K. This marked the end of a three-year wait since the initial application in 2021. The delays were due to issues related to Revolut’s share structure, which did not comply with the regulations set by the U.K.’s Prudential Regulation Authority. However, these issues have since been resolved, allowing Revolut to take customer deposits and offer banking products like loans and credit cards.

Now, armed with the banking license, Revolut is gearing up to build its banking infrastructure in the U.K. before the official launch. This strategic move not only expands Revolut’s capabilities but also positions the company for further growth and success in the competitive financial services industry. As Revolut continues its journey to revolutionize banking as we know it, the $45 billion valuation serves as a testament to the company’s potential and the confidence of its investors.