Revolut valued at €65bn after secondary share sale

The fintech was valued at €39bn last year and €28.6bn in 2021, minting a fortune for its early employees and investors

The valuation makes the 10-year-old business worth more than many publicly listed banks, including Ireland's AIB and Britain's Barclays.

Revolut said it had completed a secondary share sale valuing it at $75bn (€65.1bn), a 66% jump from last year and underlining the rapid growth of Europe's most valuable financial technology company.

London-based Revolut said the sale was led by investors Coatue, Greenoaks, Dragoneer and Fidelity, while other participants included venture capital firm Andreessen Horowitz, Franklin Templeton, and Nvidia’s venture capital arm.