Revolut worth US$45Bn after staff offered share selloff

The all-digital bank Revolut has been valued at US$45Bn (€41Bn) after staff have been given the option of selling their shares. It was an increase on the US$33Bn value made three years ago.

In a statement, the UK.-based digital bank which has a presence in Portugal, said it had signed “agreements with a group of leading technology investors,” including Coatue, D1 Capital Partners and Tiger Global, “to provide liquidity to employees through a secondary share sale with a valuation of $45Bn.”

This valuation, which exceeds the $33Bn it achieved in a 2021 fundraiser led by SoftBank and Tiger Global, reflects the “strong financial performance” it has recorded in recent quarters and the “progress made in executing its strategic objectives,” a note from the company reads.

In 2023, the fintech reported revenues of US$2.2Bn, 95% higher than the previous year, and a record pre-tax profit of US$545 million, while in the first half of this year it recorded an annual increase in revenues of more than 80%, as well as an improvement in profitability.