Revolut just hit a 75 billion dollar valuation after letting employees dump shares to some massive investors like Nvidia's venture arm, and the fintech company basically leapfrogged Barclays in terms of what it's worth on paper. The secondary sale let workers offload up to a fifth of their equity at around 1,381 bucks per share, and heavyweight funds like Coatue and Fidelity jumped in hard. CEO Nik Storonsky keeps bragging about building the first real global bank while his platform serves 65 million users across payments and crypto trading.
The British fintech outfit still can't launch full banking services in the UK because regulators are being super careful about approving them after three years of waiting. Revolut got stuck in the mobilization phase way longer than most challenger banks, and authorities keep poking around at their governance and internal controls before giving final clearance. They're expanding fast internationally with licenses in Mexico and Colombia, while European operations run through a Lithuanian banking permit from way back.
The British fintech outfit still can't launch full banking services in the UK because regulators are being super careful about approving them after three years of waiting. Revolut got stuck in the mobilization phase way longer than most challenger banks, and authorities keep poking around at their governance and internal controls before giving final clearance. They're expanding fast internationally with licenses in Mexico and Colombia, while European operations run through a Lithuanian banking permit from way back.
