Revolut Secures $45bn Valuation Amid Fintech Challenges with Employee Share Sale
Revolut's Unprecedented Valuation
Revolut has achieved a $45bn valuation through a recent employee share sale, a striking move in a time when many fintech companies are struggling under economic pressures. This valuation surpasses the $33bn reached in its 2021 fundraising round led by SoftBank and Tiger Global.
Investment Backing and Future Prospects
Prominent institutional investors, including Coatue, D1 Capital Partners, and Tiger Global, acquired shares from employees. CEO Nikolay Storonsky expressed enthusiasm for providing employees with a chance to benefit from the company’s growth.
Potential IPO on the Horizon
- This valuation elevates Revolut's profile ahead of a potential initial public offering (IPO), making it a coveted entity for global stock exchanges.
- UK Treasury officials are keen to discuss a London listing, yet the fintech appears inclined towards a Nasdaq float.
- Storonsky previously commented on the liquidity challenges of the London market.
Regulatory Milestones and Customer Growth
Securing a UK banking licence last month marks a significant milestone for Revolut, enhancing its competitive standing in its domestic market. The fintech now boasts over 45 million customers worldwide and is aggressively expanding.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.