Revolut, co-founded by Ukrainian entrepreneur Vlad Yatsenko, has launched a secondary share sale, allowing employees to cash in on their stock options. Based on the share sale, Revolut is now valued at $75 billion.

• According to a staff memorandum obtained by Bloomberg, shares are priced at $1,381.06 each under the arrangement.
• The document also notes strong demand from both new and existing investors. Employees at the London-based fintech giant will be able to sell up to 20% of their holdings.
• The new valuation marks a sharp climb from Revolut’s previous $45 billion valuation, making it one of the most valuable fintech companies in the world and one of the priciest private firms overall. It even surpasses the market capitalization of established British banking brands such as Barclays. (Bloomberg cautions, however, that the private nature of the deal means valuations should be taken with some nuance.)

Revolut has been on a tear. Last year, it served more customers than HSBC Holdings Plc, growing revenue 72% to $4 billion while also boosting profitability. The company now counts more than 60 million customers worldwide and is considering acquiring a US bank to secure a banking license there.

The broader fintech sector is also heating up. Stripe Inc., after a valuation dip, recently sold secondary shares, valuing it at $91.5 billion, while Klarna Group confirmed plans to pursue an IPO in New York.