This transaction allows Revolut employees to monetise their contributions to the company’s success, while simultaneously attracting a diverse group of new and existing investors. Leading this round were Coatue, D1 Capital Partners, and long-time supporter Tiger Global.

The new $45 billion valuation mirrors Revolut’s robust financial performance and successful strategic initiatives. In 2023, the company reported a revenue of $2.2 billion, marking a 95% year-on-year increase, along with a record-breaking pre-tax profit of $545 million.

The company maintained its impressive momentum into the first half of 2024, achieving over 80% annual revenue growth and further enhancing profitability. As the fastest-growing finance app across 19 markets, Revolut is poised to surpass 50 million customers by year’s end.

This latest milestone is part of a broader pattern of achievements for Revolut throughout the year. The firm secured a banking licence in Mexico and, in July, obtained its UK banking licence (Authorisation with Restrictions), marking a crucial step in its ongoing expansion both in the UK and internationally. Additionally, Revolut introduced a suite of new offerings, including the RevPoints Loyalty Programme, eSIMs, and the Revolut X crypto exchange.

Nik Storonsky, CEO of Revolut, commented: “We’re delighted to provide the opportunity to our employees to realise the benefits of the company's collective success. It’s their hard work, innovation, and dedication that has driven us to become the most valuable private technology company in Europe. We’re also excited to partner with several new investors who share our vision as we continue our journey to redefine the banking landscape as we’ve known it.”

“We have a high level of conviction in Revolut’s mission to democratize access to financial services globally,” shared Philippe Laffont, Founder and Portfolio Manager, Coatue. “Revolut’s proven ability to scale across dozens of markets is a testament to the team’s commitment to product velocity, financial inclusion, and financial innovation. Under Nik and his team’s leadership, Revolut has navigated the complexities of the financial services landscape to deliver an impressive product suite that meets the needs of its rapidly growing customer base. We look forward to supporting Revolut as it continues to help transform the global banking industry.”