UK-based fintech company Revolut is forming a private markets team to expand wealth management services. They seek asset managers and investment advisers to develop private market fund options. Concerns over rising valuations and limited oversight exist. Revolut currently offers equity trading and a Robo-Advisor service in Singapore.

The private markets are growing, with major exchanges exploring new products linked to the $16tn privately-held assets sector. Revolut aims to connect with fund managers to offer more investment options to its users. Some industry experts express concerns about risks in certain segments of the private markets.

Revolut’s expansion into private markets comes as they offer US and European equity trading to nearly 70 million users. The company recently extended its offering to include British blue-chip stocks after securing a UK trading license. Additionally, Revolut introduced a Robo-Advisor service in Singapore to simplify automated investing for customers.

Read more at Yahoo Finance: Revolut to recruit new team to expand wealth management offering