Revolut, Britain's most valuable fintech startup, has initiated a new share sale after its valuation jumped from $45 billion to $75 billion. As part of this sale, employees and early investors will have the opportunity to sell up to 20% of their shares. The price per share has been set at approximately $1,381.
In 2024, Revolut announced that its revenue had doubled, reaching 1 billion pounds. This significant growth is a result of strong performance in areas like cryptocurrency trading and interest income.
The company aims to further strengthen its position in the international market. Having secured a limited banking license in the UK in July 2024, Revolut is now preparing to transition to full banking operations. Simultaneously, it plans to expand its presence in several countries, including the United States. Revolut's goal is to obtain a national banking license in the US, which would enable it to offer credit services across all 50 states.
Looking ahead, Revolut is also considering a public offering of its shares on the Nasdaq stock exchange. This move would provide the company with regulatory and market advantages.
All these strategic plans are designed to solidify Revolut's leading position in the global financial market and expand its customer base.
