The valuation of British fintech startup Revolut, founded by Nikolai Storonsky and Vlad Yatsenko, has reached $45 billion following an agreement for the sale of shares by the company’s employees. Thus, Revolut has reinforced its status as the most valuable startup in Europe.
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Revolut employees exercised the right to sell their shares, writes the Financial Times. No further details are provided.
In 2021, the fintech closed a round of $800 million. The round was attended by the Japanese holding company SoftBank and the American investment company Tiger Global Management. As a result of the round, the company’s valuation reached $33 billion, making Revolut the most valuable startup in Europe at the time.
According to the Financial Times, the $45 billion valuation could spark speculation about the company’s plans to launch an initial public offering (IPO). Revolut previously allowed listing on Nasdaq on favourable terms, but said the company could opt out.
At the end of July, Revolut received a banking license in the UK, which it has been seeking since 2021.
In May, it became known that the company was launching its own crypto exchange, Revolut X. According to a representative of the startup, you can also use the platform using your Revolut account.
Author:
Natalia Gormaleva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
