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The Guardian - UK
The Guardian - UK
Business
Nils Pratley

Revolut bank’s valuation stretches credulity despite $15bn slump

Revolut NatWest
Revolut
British-Lithuanian bank Revolut is no longer valued more highly than NatWest. Photograph: Justin Tallis/AFP/Getty Images

A reduction of $15bn in the value of Revolut, the would-be “Amazon of banking”, sounds enormous until you remember the starting point.

Back in 2021, the last time the privately owned company’s valuation created a stir, the valuation was $33bn – in that case supported by a hard transaction in which SoftBank and Tiger Global Management, two established backers, led a $800m round of fresh investment.

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