A British financial technology firm, Revolut, announced on Friday that it had been appraised at $45 billion in a secondary transaction of shares with both current and new investors.

“This estimation showcases the robust fiscal performance achieved by the corporation recently as well as the headway in achieving its strategic aims,” Revolut expressed in a release.

The investment cycle was spearheaded by Coatue, D1 Capital Partners, and the existing stakeholder Tiger Global, though the company refrained from unveiling the complete worth of shares up for sale.

The $45 billion exchange dramatically elevates the company’s appraisal from the $33 billion amassed back in July 2021.

“We are thrilled to grant our staff the chance to capitalize on the success attained collectively by the company,” remarked Revolut’s CEO Nik Storonsky. “Additionally, we look forward to collaborating with numerous fresh investors who align with our vision as we advance on our venture to redefine the conventional banking sector.”

The assessment comes shortly after Revolut obtained a banking license with specific limitations in the U.K., concluding a prolonged three-year period since its initial license petition in 2021.

A variety of concerns had spurred the setbacks, including Revolut’s stock arrangement being inconsistent with the stipulations prescribed by the U.K.’s Prudential Regulation Authority, which has since been resolved.

This license grants Revolut authorization to amass customer deposits and offer services like loans and credit cards. The company is currently gearing up to assemble banking infrastructure in the U.K. prior to the formal unveiling.