Following Secondary Share Sale, Revolut Reaches $45 Billion Valuation and Plans IPO

Revolut achieved a $45B valuation through a secondary share sale, despite a general slump in fintech valuations. The London-based neo-bank, which recently obtained a UK banking license, reported $2.2 billion in revenues for 2023 and has 45 million customers. The company is preparing for a potential IPO, with CEO Nik Storonsky favoring a Nasdaq listing.