Revolut, the London-based fintech giant, has reached an extraordinary milestone, securing a $75 billion valuation in one of Europe’s largest private tech transactions. The valuation surge highlights Revolut’s rapid growth trajectory and positions it as Europe’s most valuable private technology company.
Record-Breaking Secondary Share Sale
On September 1, 2024, reports confirmed that Revolut initiated a secondary share sale at $1,381.06 per share. This move allows employees to liquidate up to 20% of their holdings, offering them significant liquidity ahead of a potential IPO expected in 2026. This valuation marks a sharp climb from the $45 billion achieved just a year ago.
A Revolut representative commented, “An employee secondary share sale is currently in process, and we won’t be commenting further until it is complete.” Industry observers view this share sale as a notable step forward in the company’s journey toward public markets.
Impressive Financial Success in 2024
Revolut’s $75 billion valuation stems from its strong financial performance. The company nearly doubled its revenue in 2024, reaching $4 billion, and reported $1 billion in profit. With a global user base exceeding 50 million, Revolut merges financial services, cryptocurrency trading, payments, and traditional banking into a seamless ecosystem.
As part of its global expansion strategy, Revolut is actively working to secure a U.S. banking charter, which would enable it to provide lending services in the United States. This move represents a critical step toward solidifying its presence in the North American market.
Revolut’s Expanding Crypto Initiatives
Revolut continues to enhance its crypto offerings to stay competitive in the rapidly evolving digital finance space. The company launched Revolut X, a dedicated cryptocurrency exchange app that rivals platforms like Coinbase and Binance. Additionally, Revolut is testing a fiat-pegged stablecoin tailored for the Latin American market, potentially challenging existing leaders such as Circle and Tether.
Revolut also introduced advanced fraud protection tools focused on cryptocurrency transactions. To further streamline Bitcoin payments, the fintech partnered with Lightspark to support the Bitcoin Lightning Network for users in the UK and the European Economic Area. This crucial upgrade ensures faster and lower-cost Bitcoin transactions.
Positioned for IPO and Global Growth
Despite its achievements, some critics question whether Revolut’s private valuation surpasses comparable public fintech companies. Secondary markets like Forge price the company’s shares below the set tender value of $1,000, noting a discrepancy between internal valuations and market sentiment.
Looking forward, Revolut shows no signs of slowing down. Reports suggest that, when the company does decide to go public, it may opt for a New York Stock Exchange debut instead of London, in search of higher valuations and greater access to U.S. capital markets.
As Revolut continues to expand globally, including its ongoing efforts to operate as a UK bank, the fintech reinforces its standing at the intersection of banking and cryptocurrency innovation.
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