Revolut is the highest valued of the 176 ‘unicorns’ in Europe, overtaking Swedish ‘buy now, pay later’ fintech Klarna, new research from BestBrokers has found.
The British-based digital bank has been valued at $45bn following a secondary sale of shares in August, while Klarna placed second on the list of European unicorns and estimated to be worth a third as much as Revolut ($14.5bn).
Celonis, a German data processing company, ranks third in Europe with a valuation of around $13bn.
Europe’s unicons, ie privately-owned start-ups valued at at least $1bn based on estimates made during share sales or capital raising round, are worth a combined $503bn as of December.
A total of 1,258 start-ups analysed by BestBrokers using the CB Insights’ unicorn tracker, and most of the unicorns are based in the UK, Germany and France.
The UK accounted for 54 ‘unicorns’ worth a total of $188bn, including 43 based in London, the most …