What's happened
Revolut has secured a $45 billion valuation through a secondary share sale, significantly boosting its position as Europe's most valuable private tech company. The sale allows employees to benefit from the company's success, following its recent UK banking license and record profits. This development comes amid a challenging fintech landscape.
Why it matters
What the papers say
According to The Guardian, Revolut's valuation increase to $45 billion is a significant milestone, positioning it as the most valuable private tech company in Europe. CEO Nik Storonsky emphasized the importance of employee contributions to this success. Business Insider UK noted that this valuation comes despite a wider slump in fintech valuations, highlighting Revolut's resilience. The Independent reported that the company is being courted by the UK government to list on the London Stock Exchange, indicating potential future developments in its corporate strategy.
How we got here
Revolut, founded in 2015, has rapidly expanded its services and customer base, achieving a valuation of $33 billion in 2021. The company recently secured a UK banking license after addressing regulatory concerns, paving the way for its current valuation boost through a share sale.
Common question
-
What is Revolution Bars' restructuring plan and why is it happening?
Revolution Bars is undergoing significant changes to avoid insolvency, closing 25 venues as part of a restructuring plan. This move raises questions about the future of the company and the broader hospitality sector. Here are some key questions and answers to help you understand the situation better.
-
What Does the Hargreaves Lansdown Takeover Mean for Investors?
Hargreaves Lansdown has recently accepted a £5.4 billion takeover bid from a consortium led by CVC Capital Partners, Nordic Capital, and the Abu Dhabi Investment Authority. This significant move raises many questions for current and potential investors about the future of the investment platform and its implications for the market. Below, we explore key questions surrounding this takeover and what it means for shareholders and the industry.
-
What are the latest updates on the Paris Olympics and current UK events?
Stay informed with the latest happenings from the Paris Olympics, significant business developments, and pressing social issues in the UK. This page answers common questions about these events and their broader implications.
-
What does Hargreaves Lansdown's £5.4bn takeover mean for investors?
Hargreaves Lansdown has recently accepted a £5.4 billion takeover bid from a consortium led by CVC Capital Partners, Nordic Capital, and the Abu Dhabi Investment Authority. This significant move raises many questions for investors and shareholders alike. What are the implications of this deal? How will it affect the company's future and its position in the financial market? Below, we explore the most pressing questions surrounding this acquisition.
-
How Did Revolut Achieve a $45 Billion Valuation?
Revolut's recent surge to a $45 billion valuation has raised eyebrows in the fintech world. This remarkable growth not only highlights the company's success but also prompts questions about its impact on employees, the broader fintech landscape, and its competition. Below, we explore key questions surrounding this significant milestone.
-
How Are Tech Companies Influencing Political Campaigns?
In today's digital age, the intersection of technology and politics is more pronounced than ever. Tech companies are not just platforms for communication; they are shaping political narratives, influencing voter behavior, and even impacting election outcomes. This raises important questions about the role of social media, public sentiment, and the implications of technological advancements in the political landscape.
-
How Did Revolut Achieve a $45 Billion Valuation?
Revolut's recent surge to a $45 billion valuation has raised eyebrows in the fintech world. This remarkable achievement not only highlights the company's growth but also poses questions about the future of fintech in Europe. What does this mean for other tech companies and the industry as a whole? Let's explore the implications of Revolut's success and the challenges facing the fintech sector.
More on these topics
-
Hargreaves Lansdown plc is a financial service company based in Bristol, England. It sells funds and shares and related products to retail investors in the United Kingdom.
-
Peter Kendal Hargreaves CBE is an English co-founder with Stephen Lansdown of Hargreaves Lansdown, one of the United Kingdom's largest financial services businesses. He is a shareholder of Hargreaves Lansdown but no longer a director or employee. He is a
-
Revolut is a financial technology company that offers banking services. Headquartered in London, England, it was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko.
-
Bristol is a city and county in South West England with a population of 463,400. The wider district has the 10th-largest population in England. The urban area population of 724,000 is the 8th-largest in the UK. The city lies between Gloucestershire to the
-
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country located off the northwestern coast of the European mainland.
-
Tulip Rizwana Siddiq FRSA is a British politician serving as the Member of Parliament for Hampstead and Kilburn since 2015. A member of the Labour Party, she previously was the Camden London Borough Councillor for Regent's Park from 2010 until 2014.