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Revolut's $45 Billion Valuation After Secondary Market Sale

Revolut, a U.K.-based neobank, is now valued at $45 billion following a secondary market share sale. The company has secured banking licenses in the U.K. and Mexico. Revolut provides multi-currency accounts, crypto products, and more. It is aiming for a U.S. IPO, although the U.K. government favors a domestic listing.

Neobank: A digital-only bank without physical branches, offering traditional banking services through apps.

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