Fintech & Ecommerce

Revolut Reportedly Plans Share Sale

The media reports that Revolut is currently planning a sale of shares and seeking a valuation, which would be close to that of Lloyds Banking Group.

Revolut Reportedly Plans Share Sale

Journalists, citing anonymous insiders, released information according to which the mentioned fintech company, headquartered in London, is seeking a valuation of greater than $40 billion. Revolut is currently working on the sale of employee shares and other existing securities worth about $500 million.

Representatives of the company declined to comment on the specified information as part of a media request.

Revolut was last evaluated at $33 billion during a fundraiser in 2021. At that time, the company raised $800 million in financing from Vision Fund 2 from SoftBank, Tiger Global Management, and other investors.

In April, data was published in the information space that there is an opinion among Revolut investors that the value of the firm has increased by 45% compared to 2023. It is worth noting that this is a separate point of view, which does not relate to what can be described as a common position or consensus assessment.

An investment trust overseen by Schroders has increased its stake in Revolut. In April, the media reported that this action meant the company’s valuation would rise from $17.7 billion to $25.7 billion. At that time, it was also noted that according to Schroders, Revolut has made significant progress in the past year.

In December, the company reported that its revenue for 2022 was $1.1 billion. This figure is 45% higher than the result for 2021.

As we have reported earlier, Revolut Launches Point of Sale iPad App.

Serhii Mikhailov

2481 Posts 0 Comments

Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.