Revolut launched a secondary share sale, allowing employees to sell stakes 70% higher than $45 billion last year.
The British fintech is simultaneously exploring US banking acquisitions and faced a $123,000 compliance fine in Australia.
British
fintech Revolut has started allowing employees to sell shares at a
$75 billion valuation, marking a significant jump from last year's $45
billion price tag as the company weighs acquisition opportunities
in the United States.
Revolut Launches $75
Billion Secondary Share Sale as Growth Plans Take Shape
The
secondary share sale values each share at $1,381.06, according to an internal
memo seen by Bloomberg. Staff can sell up to 20% of their holdings in the
transaction, which has already attracted interest from both new and existing
investors.
The latest
valuation puts Revolut above the market capitalization of traditional lender
Barclays, though the comparison involves private versus public market
pricing. For Revolut, the sale continues a pattern of using secondary
transactions to provide employee liquidity while avoiding the public
markets.
“As
part of our commitment to our employees, we regularly provide
opportunities for them to gain liquidity,” a Revolut spokesperson
said. “An employee secondary share sale is currently in process,
and we won't be commenting further until it is complete.”
US Banking License in
Focus
The share
sale comes as Revolut explores its next major expansion push. The
company has been talking to investment bankers about potentially acquiring
a US lender to fast-track its American growth, rather than going through the
lengthy process of applying for its own banking license.
Revolut shelved
a US banking license application in 2021 and has since operated through
partner banks. Now, with President Donald Trump's administration signaling
a more accommodating stance toward financial deregulation,
the company sees an opening.
The fintech
plans to launch US savings products in the coming weeks and has ramped up
marketing spending, including offering free subway rides to New Yorkers.
Getting a banking license through acquisition would let Revolut offer
loans and other services directly to American customers.
Nikolay Storonsky, CEO of Revolut, seems to be aiming for wide-ranging European expansion (Revolut).
The US push
reflects lessons learned from Revolut's
protracted UK licensing process. The company spent more than three
years securing its British banking permit and remains under strict
regulatory oversight even now.
Chief
Executive Nik Storonsky acknowledged the misstep, saying, “For a long time
I wanted to be as less regulated as possible, it was the completely
wrong decision.”
The penalty
highlights the compliance burden facing fintechs as they expand
across multiple jurisdictions. Revolut self-reported the violations and
cooperated with regulators, according to AUSTRAC.
Brendan Thomas, the CEO of AUSTRAC
“These
are the real-life consequences of failures to report,” said AUSTRAC
CEO Brendan Thomas. “Remittance services are attractive to money
launderers and other types of criminals because they can move funds cheaply and
quickly across borders.”
The
Australian fine represents a relatively small cost for Revolut, which
reported £3.1 billion in revenue last year, up 72%. The company now serves
more than 60 million customers globally, surpassing HSBC's customer count
in 2024.
The
secondary sale reflects broader trends in the private fintech market. With
IPO activity remaining sluggish, companies like Stripe have turned to
employee share sales to provide liquidity. Stripe completed a similar
transaction in February at a $91.5 billion valuation.
Molten
Ventures, which holds Revolut as its largest position at just over 10% of
its portfolio, saw its shares gain as much as 5.7% after news of the secondary
sale broke.
For
Revolut, the $75 billion price tag represents validation of its rapid growth
strategy, even as regulatory challenges persist across its global
operations.
British
fintech Revolut has started allowing employees to sell shares at a
$75 billion valuation, marking a significant jump from last year's $45
billion price tag as the company weighs acquisition opportunities
in the United States.
Revolut Launches $75
Billion Secondary Share Sale as Growth Plans Take Shape
The
secondary share sale values each share at $1,381.06, according to an internal
memo seen by Bloomberg. Staff can sell up to 20% of their holdings in the
transaction, which has already attracted interest from both new and existing
investors.
The latest
valuation puts Revolut above the market capitalization of traditional lender
Barclays, though the comparison involves private versus public market
pricing. For Revolut, the sale continues a pattern of using secondary
transactions to provide employee liquidity while avoiding the public
markets.
“As
part of our commitment to our employees, we regularly provide
opportunities for them to gain liquidity,” a Revolut spokesperson
said. “An employee secondary share sale is currently in process,
and we won't be commenting further until it is complete.”
US Banking License in
Focus
The share
sale comes as Revolut explores its next major expansion push. The
company has been talking to investment bankers about potentially acquiring
a US lender to fast-track its American growth, rather than going through the
lengthy process of applying for its own banking license.
Revolut shelved
a US banking license application in 2021 and has since operated through
partner banks. Now, with President Donald Trump's administration signaling
a more accommodating stance toward financial deregulation,
the company sees an opening.
The fintech
plans to launch US savings products in the coming weeks and has ramped up
marketing spending, including offering free subway rides to New Yorkers.
Getting a banking license through acquisition would let Revolut offer
loans and other services directly to American customers.
Nikolay Storonsky, CEO of Revolut, seems to be aiming for wide-ranging European expansion (Revolut).
The US push
reflects lessons learned from Revolut's
protracted UK licensing process. The company spent more than three
years securing its British banking permit and remains under strict
regulatory oversight even now.
Chief
Executive Nik Storonsky acknowledged the misstep, saying, “For a long time
I wanted to be as less regulated as possible, it was the completely
wrong decision.”
The penalty
highlights the compliance burden facing fintechs as they expand
across multiple jurisdictions. Revolut self-reported the violations and
cooperated with regulators, according to AUSTRAC.
Brendan Thomas, the CEO of AUSTRAC
“These
are the real-life consequences of failures to report,” said AUSTRAC
CEO Brendan Thomas. “Remittance services are attractive to money
launderers and other types of criminals because they can move funds cheaply and
quickly across borders.”
The
Australian fine represents a relatively small cost for Revolut, which
reported £3.1 billion in revenue last year, up 72%. The company now serves
more than 60 million customers globally, surpassing HSBC's customer count
in 2024.
The
secondary sale reflects broader trends in the private fintech market. With
IPO activity remaining sluggish, companies like Stripe have turned to
employee share sales to provide liquidity. Stripe completed a similar
transaction in February at a $91.5 billion valuation.
Molten
Ventures, which holds Revolut as its largest position at just over 10% of
its portfolio, saw its shares gain as much as 5.7% after news of the secondary
sale broke.
For
Revolut, the $75 billion price tag represents validation of its rapid growth
strategy, even as regulatory challenges persist across its global
operations.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
