Revolut has announced the completion of a share sale which values the company at $75 billion.
Current employees at the digital bank were given the opportunity to sell as part of the transaction, with the company now having enabled five share sales for its employees to date.
It claimed the move demonstrates it that it runs one of the most liquid employee share programmes across private companies in the industry.
Revolut, which currently serves over 65 million customers around the world, said the $75 billion valuation is underpinned by “powerful” business momentum and strong financial performance.
The sale was led by investment companies including Coatue, Greenoaks, Dragoneer, Fidelity Management & Research Company with participation from a broad group of other investors including Andreessen Horowitz, Franklin Templeton, and T. Rowe Price Associates, Inc.
The sale also included investment from NVentures, Nvidia’s venture capital arm, which Revolut said would strengthen its partnership with the technology company in several key areas, including AI.
In 2024, revenue at the bank grew 72 per cent to $4 billion, with profit before tax increasing 149 per cent to $1.4 billion.
Its growth has continued this year, with the company achieving $1 billion in annualised revenue.
The move comes after Revolut achieved a series of major global expansion milestones this year, including its final banking authorisation and upcoming launch in Mexico, its banking incorporation licence in Colombia, and an upcoming launch in India.
“This milestone reflects the remarkable progress we have made in the last twelve months towards our vision of building the first truly global bank, serving 100 million customers across 100 countries,” said Nik Storonsky, chief executive and co-founder of Revolut. “I’d like to thank our team for their determination and energy, and for believing that it is possible to build a global financial and technology leader from Europe.”










Recent Stories