According to the Financial Times, Revolut aims to become Europe’s most valuable startup, worth $4 billion.
Sources reveal that the fintech company is working with Morgan Stanley to allow the sale of shares worth around $5 billion, including employee stock, to reach this valuation.
Investors recently reassessed Revolut’s value, lowering it from $3.3 billion in 2021 to $2 billion.
By achieving this goal, the company will surpass National Westminster Bank, Societe Generale, and Raiffeisen Bank, and be on par with Lloyd’s Banking Group in terms of market capitalization.
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Meanwhile, the banking license Revolut applied for in the UK three years ago still faces threats.
Revolut recently relocated its headquarters to London’s Canary Wharf and announced plans to increase its workforce by 40%.
