Gerard Grech, CEO of Tech Nation, comments on Revolut becoming Britain's most valuable fintech firm ever:

“Revolut is a true British success story and one that exemplifies the strength of the UK’s scaling fintechs. Our fintech sector is world leading, raising $5.4bn in the first half of this year alone.

“The valuations we’re seeing today are a testimony to the pool of immense homegrown talent, and talent from across the world, choosing to start and scale their business here. It also reflects the strength of support the UK provides to help ambitious tech companies scale. Revolut joined Tech Nation’s Future Fifty programme in 2019, specifically designed to support founders in addressing the unique challenges faced by the most successful tech companies in the country.

“UK tech has been going from strength to strength this year, surpassing the incredible milestone of 100 unicorns (tech companies valued over $1bn) and setting a new record for UK tech investment - $18.8bn in the first half of the year. Revolut is an excellent example of a tech business cementing the UK’s position on the global stage.”