Revolut Aims for $40 Billion Valuation in Employee Share Sale
Hey FinTech Fanatic!
Revolut, founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, is targeting a valuation exceeding $40 billion in an upcoming employee share sale . This move, which involves selling approximately $500 million worth of existing shares with the help of Morgan Stanley, aims to solidify its position as Europe’s most valuable start-up.
The proposed valuation represents a significant increase from the $33 billion achieved during a 2021 fundraising round, placing it on par with major financial institutions like Lloyds Banking Group and surpassing others such as NatWest and Société Générale.
Achieving this ambitious target would be a notable success amid a challenging period for European FinTech companies. For instance, Stockholm-based Klarna experienced a drastic drop in its valuation from $46 billion to $6.7 billion in 2022. Some venture capital investors have similarly reduced their stakes in Revolut due to market conditions.
Revolut’s future is also contingent on its pending application for a UK banking license, submitted over three years ago.?
The company now boasts around 40 million global customers, with a significant portion based in the UK, and is?moving its headquarters ?to one of the most prominent buildings in London’s Canary Wharf financial district.
Never a dull moment at Revolut ??
Cheers,
BREAKING NEWS?
?? Revolut is targeting a valuation exceeding $???????? in a share sale that would cement its status as Europe’s most valuable start-up. The SoftBank-backed company is working with Morgan Stanley to sell about $500mn worth of existing shares , including those held by employees.
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5 个月Interesting and insightful updates, Marcel van Oost. Thank you for sharing.
BD Professional | Facilitator. Connector. Relationship Builder | Supporting fintech & disruptive tech companies with strategic connections and opportunities to enter the UK market.
5 个月Interested to see what that valuation for Revolut will mean for their competitors and how they will drive innovation to keep up. Thanks for sharing! Quite helpful ??
Head of Digital Financial Services at Finance House | Fintech Strategy Expert | ePayment & Open Banking Pioneer | Driving Digital Transformation & Market Expansion
5 个月Swan expanding in Milan? Ok this is good news. Thanks for sharing these insights, Marcel
API-First, financial infrastructure: Platforms, Marketplaces, Fintechs & Travel
5 个月Great update, interesting to see valuations slingshot! A massive win for the team with Mark Fleming!
Matemático Autodidacta
5 个月A Non-Trivial Zero. y counterexample. Demostration: If: σ = 0.99970141973107 R = i(-0.2443504425376) σ' = -0.00029858026893 N = i(-0.2443504425376) When: s = [(σ + R) / ( σ' + N)] Then: s It is a non-trivial Zero. And it is also a couterexample to: Reiman'n Hypothesis. Given the: ζ(s) = 0 When: t = σ + R t' = σ' + N Them: s = t / t' When: σ ≠ 1/2 σ' ≠ 1/2 Then: Reiman'n Hypothesis It is ambiguous. Since the condition is sufficient but not necessary. Then: Is it True or false...? Mathematician: Rodolfo Nieves