Revolut confirms $115BN valuation, after completing secondary sale

Revolut has confirmed a valuation of $115 billion following the completion of a secondary share sale led by investors including Glade Brook Capital Partners, Coatue, and T. Rowe Price. The transaction allowed existing employees and investors to cash in shares priced at approximately $2,017 each without raising fresh capital. The company reports having over 80 million global retail customers as it works toward a milestone of serving 100 million. Open article →