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Revolut is reportedly targeting a valuation of more than £32bn in a share sale that would make it worth more than NatWest.
The British fintech startup plans to sell shares worth around £395 million as it continues to expand, according to the Financial Times.
It would see the company valued at around a fifth more than the £26bn price tag it achieved in a previous funding round in 2021.
Big ideas: Revolut plans to sell around £395m of shares as it continues to expand
The move would also see the group valued above NatWest, which was worth just under £27bn based on its latest share price.
But Revolut is still waiting for its UK banking license to be approved, despite claiming more than a year ago that it was imminent.
