London-based fintech Revolut has been valued at $75bn (£57.3bn) following the completion of a share sale.
The new valuation further solidifies the company’s existing position as the most valuable private tech firm in Europe.
The share sale included the option for current staff to sell their shares as part of the transaction, marking the fifth share sale enabled for employees of the company.
The sale saw investment from NVentures, the venture capital arm of NVIDIA.
“This milestone reflects the remarkable progress we have made in the last twelve months towards our vision of building the first truly global bank, serving 100 million customers across 100 countries,” said Revolut co-founder and chief executive Nik Storonsky.
“I’d like to thank our team for their determination and energy, and for believing that it is possible to build a global financial and technology leader from Europe.”
Victor Stinga, the finance chief of Revolut, added: “The level of investor interest and our new valuation reflect the strength of our business model, which is delivering both rapid growth and strong profitability.
“We welcome onboard a series of world-class investors and look forward to working with them for the next stage in Revolut’s evolution.”
