Revolut Stock: The Most Valued Private Digital Bank
Popular Secondaries
19 May
In the last three months, Revolut stocks have surged in popularity, placing the company within the top five on the Launchbay platform.

As of May 1, 2024, the share price of Revolut on Launchbay has increased by 26% year-over-year (YoY). The current secondary market prices value Revolut at nearly $17 billion, confirming its status as the most valuable private digital bank. Revolut is now coordinating a sale of up to £400 million worth of shares, with co-founder and CEO Nik Storonsky aiming for a valuation of at least $33 billion (£26 billion), as achieved in a primary funding round in 2021.

In December 2023, Revolut released its long-awaited annual report for 2022 and provided projections for 2023. The results highlighted the company's diversified business model and global strategy:

2022 Revenue: Increased by 45% to a record £923 million.
2023 Revenue Projection: Expected to rise by 84%, reaching £1.7 billion with a double-digit net profit margin.
Customer Growth: Nearly 10 million new customers in 2023, surpassing 35 million across 38 countries.
Deposits and Paid Plans: 71% increase in deposits and a 55% increase in customers on paid plans.

While payments currently constitute the largest portion of Revolut's revenue, the global payments market may face a slowdown in long-term growth. According to BCG's analysis, the global payments industry is projected to experience a compound annual growth rate (CAGR) of 6.2% through 2027.

Revolut is on a mission to transform into a super app, continuously expanding its presence across all markets. The company is actively pursuing a UK banking licence and plans to introduce the Revolut app to new markets and customers worldwide.

Compared to its closest private competitors, Revolut boasts the largest customer base and superior growth and profitability metrics. Additionally, Revolut's secondary market valuation reflects the highest valuation-to-revenue ratio observed to date.

Stay updated on the latest developments and invest in Revolut stocks today!

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*2023 projection
**2023 projection
*** 2022 Q4 results

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