Revolut's valuation has reached $48 billion following an increase in stake by Schroders Capital Global Innovation Trust plc. The trust plans a capital return of £30 million by the end of the first half of 2025, which represents 30% of its current market cap. Notably, 9% of the trust's net asset value (NAV) is invested in Revolut. The fintech company is also launching its new mobile app, Revolut X, aimed at enhancing crypto trading capabilities and gaining market share in a competitive landscape that includes major players like Binance. Reports suggest that Revolut's strong financial performance and global expansion efforts could position it favorably for a potential initial public offering (IPO). In a related development, another fintech startup has reportedly quadrupled its revenue to $70 million within a year, highlighting the dynamic nature of the fintech sector.