A rare win in a rough year: Schroders triples its Revolut stake valuation as other holdings plunge. Investors now eye a $60bn target https://t.co/ob699JIZrn
How Revolut’s new app signals a big fintech crypto landgrab https://t.co/QobGg57apH
This Fintech Startup Quadrupled Its Revenue To $70 Million In Just A Year—Here’s How https://t.co/NHouLQ5ObG https://t.co/3YCYUvmCnE
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.
