What Revolut’s $75bn valuation means for crypto – DL News
- Fintech giant’s valuation jumps two-thirds in secondary share sale.
- Crypto trading arm helped drive 149% profit surge last year.
- Revolut is part of a wave of fintech firms pushing into crypto.
Revolut’s crypto push just helped drive its valuation past the $75 billion mark, cementing its status as one of the world’s most valuable fintech firms.
The UK-based challenger bank achieved the new valuation on the back of a secondary share sale, which saw it enjoy a 66% jump from last summer’s $45 billion valuation.
Revolut’s secondary share sale saw staff able to sell up to 20% of their personal holdings at $1,381 per share, Bloomberg reported. The sale offers liquidity for long-serving staff and pushes Revolut’s valuation ahead of…
