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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Fintech firm Revolut valued at $45bn in employee share sale

Revolut fintech Nik Storonsky
Revolut logo on a smartphone
Revolut has more than 10,000 staff serving 45 million customers in 38 countries, with more than 50 products and services. Photograph: Mateusz Słodkowski/Sopa Images/Rex/Shutterstock

Revolut has clinched a $45bn (£35bn) valuation through a share sale that is expected to net staff a $500m windfall, cementing its position as the most valuable private tech company in Europe.

It is a boost for the London-headquartered firm, which was last valued at $33bn in 2021. It is now worth more than the market valuations of big high street banks, including NatWest and Barclays, which are worth £29bn and £33.5bn, respectively.

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