TechCrunch

UK neobank Revolut valued at $45B after secondary market sale

Revolut has confirmed a new valuation of $45 billion via a secondary market share sale, shortly after the U.K.-based neobank secured its own banking license in the U.K. and Mexico. Founded in London in 2015, Revolut is one of numerous fintechs to emerge from Europe over the past decade to challenge the big bank incumbents. Revolut offers a range of services spanning multi-currency accounts, payment and transfer services, crypto products, insurance and more.