Revolut Targets $40B Valuation

Fintech company Revolut is targeting a $40 billion valuation in a move that could boost its value by 20%. The London-based startup wants to sell shares to cement its status as Europe’s most valuable startup.

KEY FACTS

The SoftBank-backed company wants to sell existing shares worth about $500 million, including those owned by employees, the Financial Times wrote.
The bank is working with Morgan Stanley on the sale.

ACCENT

The news comes amid challenges Revolut is trying to address. First of all, the startup is struggling to get a banking license, and it also reported some losses. The entire fintech sector has suffered defeats in the last two years. Stockholm-based Klarna, another prominent fintech, has sunk to $6.7 billion from a $46 billion fundraising in 2022. Since then, some venture capital investors have reduced their stakes in Revolut.

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WHAT TO WATCH FOR

Revolut is still trying to get a banking license, which is key for the fintech company to increase lending and profits. However, regulators delayed their decision after Revolut was rocked by problems, including a warning from auditors that they could not fully verify the revenue figures in the 2021 accounts.

The company suffered a loss in its latest delayed report for 2022 as the boom in cryptocurrency trading that previously boosted profits waned. Meanwhile, rising costs offset the benefits of larger customer deposits and higher interest rates.

BIG NUMBER

In 2021, the company was valued at $33 billion in a funding round. The stock transaction could now fetch a significantly higher valuation of $40 billion. That would surpass the market capitalization of British lender NatWest and Paris-based Société Générale.

KEY STORY

Revolut was founded by Nikolay Storonsky and Vlad Yatsenko in 2015. Since then, it has significantly outpaced its competitors in terms of customer growth and aggressive international expansion. Revolut has around 40 million customers worldwide, with a third based in the UK.

In 2021, it raised $800 million from investors including SoftBank’s Vision Fund 2 and Tiger Global Management.

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Bank Of Cyprus Launches Cybersecurity Programme For Students In Limassol

by THEFUTURE.TEAM

March 31, 2026

Bank of Cyprus launched a cybersecurity initiative in Limassol as part of its “The Young Ask and Provide Solutions” programme, involving students in simulated cyberattack scenarios. The programme focuses on practical training in cyber defense and awareness of risks linked to digital infrastructure.

Innovative Collaboration And Real-World Challenges

In partnership with the Education Ministry and non-profit organization TechIsland, the programme provided a robust platform for young minds to confront realistic cyberattack simulations. Held at the modern Limassol regional offices of the Bank of Cyprus, the interactive space enabled 60 secondary school students from across the region to collaboratively tackle the complex threats facing national digital infrastructure.

Practical Exercises And Strategic Insights

Participants took part in workshops built around cyberattack scenarios. Tasks included identifying prevention strategies, planning response measures, and proposing public awareness approaches. The exercises focused on coordination and decision-making during cyber incidents.

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Empowering Tomorrow’s Leaders

According to Elli Ioannidou, the programme is designed to combine theoretical knowledge with practical experience. She said the initiative aims to help students understand real-world challenges and develop problem-solving skills. Additional input was provided by Marios Stavrou, who noted that managing cyber incidents requires coordination across multiple teams and functions.

Building A Resilient Cyber Ecosystem

Experts, including Mathaios Panteli and Tanya Romanyukha highlighted the importance of early digital skills and cybersecurity awareness. Their comments focused on preparing the future workforce skills needed for managing digital risks. The programme forms part of broader efforts to strengthen cybersecurity awareness and education in Cyprus.

The Bank of Cyprus remains committed to investing in forward-thinking initiatives that inspire youth and enhance community awareness. Through these targeted efforts, the bank is not only addressing immediate security challenges but also contributing to a future where advanced technology and robust cyber defense mechanisms coexist seamlessly.

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