Revolut launches £75 billion secondary share sale

UK financial technology giant Revolut has launched a secondary share sale valuing the company at £75 billion, marking a significant milestone in the ongoing expansion of Britain’s fintech sector.

The London-based digital banking platform initiated the share sale as part of its strategic expansion plans to compete more effectively with traditional banks and strengthen its position in the global financial services market.

The secondary sale represents a substantial increase from previous valuations and reflects growing investor confidence in Revolut’s business model and growth trajectory.

The company has been aggressively expanding its operations across multiple markets while building out its product suite to include cryptocurrency trading, business banking, and investment services. The share sale comes as Revolut continues to pursue regulatory approvals in various jurisdictions to enhance its banking capabilities.

Industry observers note that the £75 billion valuation places Revolut among the most valuable fintech companies globally, highlighting the strength of the UK’s financial technology sector. The company’s growth has been driven by increasing consumer adoption of digital banking services and the ongoing shift away from traditional brick-and-mortar banking models.

The timing of the share sale coincides with broader developments in the UK fintech sector, where several companies are exploring opportunities to acquire banking licenses or partner with established financial institutions. Revolut and other UK fintechs, including Starling Bank, have been considering acquiring US banks to accelerate their expansion into the American market.

Revolut’s business model centers on providing digital-first financial services through its mobile application, offering everything from basic banking services to sophisticated investment products. The company has built a substantial customer base across Europe and other international markets, benefiting from the digital transformation accelerated by the COVID-19 pandemic.

The secondary share sale will provide existing shareholders with liquidity while potentially bringing in new institutional investors who can support Revolut’s continued expansion. The proceeds from the sale are expected to fund further product development, geographic expansion, and potential acquisitions as the company seeks to build a comprehensive financial services ecosystem.