UK-based Fintech Revolut Reaches $45 Billion Valuation

After a recent private secondary market share sale, UK-based fintech giant is now valued at $45 billion. Revolut CEO, Nik Storonsky said the share sale was to supply employee liquidity for those employees who wanted to cash out. “It’s their hard work, innovation, and dedication that has driven us to become the most valuable private technology company in Europe”, Storonsky said.

The company was founded in 2015 in London, and offers various financial products, such as payment solutions, transfer services, insurance, and multi-currency accounts amongst others. Additionally, the company recently obtained its own banking licenses in Mexico and the UK.