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UK Fintech Leader Revolut Sets Sights on $40 Billion Valuation in Employee Share Offering Despite Regulatory Hurdles

In a bold move to solidify its position as Europe's top startup, renowned UK-based fintech company Revolut is reportedly aiming for a staggering $40 billion valuation in an upcoming employee share sale, according to sources familiar with the matter. This ambitious goal comes as a surprise, considering the company's ongoing struggle to obtain a coveted banking license from UK regulators, unlike its competitors Monzo and Starling, who secured the license years ago. Nevertheless, Revolut remains confident in its innovative approach and potential for growth, making it a force to be reckoned with in the rapidly evolving fintech landscape.