Revolut, the British digital bank, has seen its valuation climb to $115 billion through a secondary share sale. The transaction, which involved existing shareholders selling stakes rather than the company raising new capital, cements the firm's position as Europe's most valuable startup.
What the secondary sale means
Secondary share sales let early investors and employees cash out without diluting the company's equity. Revolut's latest round pushed its valuation past the $100 billion mark for the first time, though the exact number of shares traded and the price per share were not disclosed. The bank did not issue new stock, so the $115 billion figure reflects the price buyers were willing to pay for existing shares.
Revolut's place in European tech
Founded in 2015, Revolut has grown from a travel card app into a full-service digital bank offering accounts, currency exchange, crypto trading, and lending. It now serves more than 45 million customers worldwide. The $115 billion valuation puts it ahead of other European fintech giants like Checkout.com and Klarna, making it the continent's most valuable privately held tech company.
The company has not announced plans for an initial public offering, though speculation has swirled for years. A public listing would likely be one of the largest in London or New York, but Revolut has not set a timeline.
