According to the Financial Times, Revolut’s goal is to become the most valuable startup in Europe, with a worth of $4 billion.
Source
Revelation
The news states that the fintech company is collaborating with Morgan Stanley to allow the company to sell shares worth around $50 billion, including employee stock, in order to achieve this valuation.
Previously, investors recently reassessed Revolut’s valuation, lowering it from $3.3 billion in 2017 to $21 billion.
By achieving this goal, the company will surpass National Westminster Bank, Société Générale, and Raiffeisen Bank, and will be on par with Lloyds Banking Group in terms of market value.
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Meanwhile, the company’s banking license application in the UK, submitted three years ago, still faces threats.
Revolut recently relocated its headquarters to Canary Wharf in London and announced plans to increase its workforce by 40%.
Revolut Aims to Become the Most Valuable Startup in Europe 