Schroders Ups Revolut’s Valuation to $48bn
Hey FinTech Fanatic!
Revolut’s valuation has jumped again. Schroders Capital Global Innovation Trust plc has updated its estimate for the FinTech to $48bn—an 85% increase from last year.
This puts Revolut’s implied value above the $45bn seen in last summer’s secondary share sale but below the $60bn some shareholders are reportedly targeting for a future sale. Schroders attributes the rise to customer growth, higher deposits, and the long-awaited UK banking licence approval.
The upgrade comes amid Revolut’s sustained growth, with Schroders citing customer expansion, higher deposits, and the long-awaited UK banking licence approval as key drivers.
However, the trust itself is now in wind-down mode after a shareholder vote last month, meaning it will gradually sell off assets, including its Revolut stake. Despite this, Schroders plans to align any sale with major corporate milestones, such as an IPO or trade sale, rather than rushing to offload shares in the open market.
Beyond valuations, Revolut is ramping up its crypto push. Last week the company reportedly said that to open Revolut X—previously for sophisticated investors—to retail traders and is hiring product marketing managers across the UK, Poland, Spain, and Portugal to support the expansion.
Meanwhile, Revolut keeps expanding its offerings. The new Chrome card is out, and Joint Savings Accounts have launched in Ireland, with Netherlands and the Spain next in line. Regarding Spain, Revolut is stepping up the game against traditional banks with a payroll account offering 2.25% interest. Meanwhile, Hungary could soon see Revolut-branded ATMs, and in Australia, customers now have access to local EUR accounts.
Across the Atlantic, the U.S. CFO reaffirmed plans to secure a banking licence, and in Czechia, Revolut just hit the 1 million user milestone. The company also held its first-ever Reddit AMA, led by its Global Head of Product, Dmitry Zlokazov, fostering direct engagement with customers.
With rising valuations, a strong push into crypto, and new product launches across multiple markets – what a week for Revolut! Exciting times lie ahead.
Read more global FinTech industry updates below 👇 and I'll be back with more tomorrow!
Cheers,
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🇬🇧 Revolut’s valuation has been upgraded by one of its best-known shareholders, implying a rise to $𝟰𝟴𝗯𝗻. The upgrade by Schroders Capital Global Innovation Trust plc, an investment trust managed by Schroders, is an 85% jump compared to the valuation it gave London fintech a year ago.
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