Revolut has reportedly been valued at $75 billion in a recent secondary share sale, marking a significant increase from its $45 billion valuation last year as the London-based fintech steps up efforts to compete with Europe’s largest banks.
The secondary sale, which allows employees to sell existing shares, values each share at $1,381.1. A source close to the company said an employee share sale is currently underway and declined to comment further until the process is completed.
The valuation jump comes as Revolut continues discussions with investors about raising additional capital. The company more than doubled its annual profit to $1.1 billion in 2024, supported by strong growth in cryptocurrency trading, card fees, and interest income.
Founded in 2015, Revolut initially focused on currency exchange and payments before expanding into lending, investing, and crypto services. The company has set an ambitious goal of reaching 100 million customers across 100 countries.
Rapid expansion has also brought increased regulatory scrutiny. Authorities have raised concerns around Revolut’s compliance framework, particularly in areas such as fraud prevention and anti-money laundering controls.
Last year, Revolut secured a UK banking licence with restrictions from the Prudential Regulation Authority, a key step toward operating as a fully licensed bank in its home market. The company has said it expects to begin UK banking operations later this year.
Revolut’s previous $45 billion valuation, achieved through a secondary share sale, made it Europe’s most valuable private technology company at the time. The company attributed that valuation to strong financial performance and progress on its long-term strategic objectives.
