Revolut Aims to Become the Most Expensive Startup in Europe

Revolut is aiming to become Europe's most expensive startup at $40 billion, according to the Financial Times.

Sources reveal that the fintech company is collaborating with Morgan Stanley, which aims to allow the fintech company to sell approximately $500 million worth of shares, including employee shares, to reach that valuation.

This development follows a recent investor revaluation that pegged Revolut’s value at $25.7 billion, down from $33 billion in 2021.

By achieving the target, the company will surpass NatWest, Société Générale, Lakki Bank and equal Lloyds Banking Group in market capitalisation.

Meanwhile, the company’s UK banking licence, applied for three years ago, is still under threat.

Revolut recently moved its headquarters to Canary Wharf, London and announced plans to increase its headcount by 40%.