Revolut raises $800M Series E from SoftBank's Vision Fund 2 and Tiger Global at a valuation of $33B; Revolut was last valued at $5.5B in 2020
The fintech funding continues to roll in at a rapid pace, a result of the huge shift underway in how consumers spend and manage their money.
Context & Ripple Effects
Revolut’s prior $500M financing in 2020 valued the digital bank at $5.5B. Reports days before this round had already outlined a prospective SoftBank-led raise above $30B; the completed deal turns that reported target into a financing benchmark.
That $33B benchmark remained relevant in later liquidity activity: Revolut’s 2024 employee share sale was priced at $45B, explicitly above its 2021 fundraising valuation.
First-order effects
- Revolut adds $800M of new financing while resetting its private valuation from $5.5B to $33B.
- SoftBank’s Vision Fund 2 and Tiger Global gain positions in Revolut at the new $33B reference price.
Second-order effects
- The deal validates the terms outlined in the earlier reported $750M-to-$1B fundraising talks, making the $33B mark the comparison point for Revolut’s subsequent private transactions.
- Revolut’s 2024 employee share sale at $45B shows how the 2021 round became a baseline for later buyers and employee liquidity pricing.
Third-order effects
- Revolut’s progression from a primary venture round to later employee share sales points to private-market liquidity becoming part of how large fintech valuations are reset, rather than relying only on new company financing.
- If similar funding-to-secondary-sale sequences persist, large investors such as SoftBank and Tiger Global will have greater influence over private fintech price discovery through both initial rounds and later share purchases.
The trend: Large fintechs are increasingly establishing valuations through a sequence of concentrated primary financings and secondary share sales.