Revolut's $115B valuation signals fintech disruption of European banking

Revolut, a fintech startup, has reached a $115 billion valuation, positioning itself as a major competitor to traditional European banks. This marks a significant shift in the European financial landscape, as a digital-first challenger gains scale and market share. The development underscores the ongoing disruption of legacy banking by agile fintechs, though the sustainability of its valuation and profitability remains to be seen.