Revolut Hits $48B Valuation as Schroders Backs Growth Story

Revolut's valuation has increased to $48 billion, according to a report from Schroders, which upgraded its stake in the company by 85%. Founded in 2015, Revolut has diversified beyond its initial travel finance app to include services like business banking and stock trading. This valuation marks a significant rise from previous years, but it still falls short of the $60 billion some shareholders anticipate for future share sales

Source: revolut.com