César Beltrán Miralles’ Post

Revolut secures new $45 billion valuation following secondary share sale with major investors as it targets a potential IPO “…Revolut has secured a $45 million valuation via a secondary share sale, despite a wider slump in fintech valuations. The London-based neo-bank, which recently secured a banking license in the UK, has signed agreements with institutional investors over a share sale that significantly boosts the company's valuation…” #neobank #unicorn #valuation #boost Business Insider #informationbanker Informationbanker Revolut

Amidst the doom and gloom... It's exciting to see news about Revolut's valuation and what this could mean for the UK economy and the country's ability to foster start-ups and FinTechs. However what is concerning is that, even though founded in the UK, Revolut's leadership team would much rather float the company on the US Stock Exchange, citing it is 'much more liquid'. Surely the government have already learnt a difficult lesson with other companies such as Arm going public in the US and won't let this one slip by? #FinTech #professionalservices #financialservices

Revolut's valuation rises to $45bn from $33bn in 2021! And we are just getting started 🚀 Full FT article here: https://lnkd.in/d93SzWNE Would you like to be part of the growth journey? Get in touch with me to discuss how Revolut Business could partner with your company. #revolut #fintech #revolutbusiness

Revolut employees are set to cash in $500 million in shares sale The #fintech giant, recognized as Britain’s most valuable fintech company, is planning a secondary share sale worth approximately $500 million (£394 million). This initiative will allow employees to cash in on their stock, showcasing Revolut's commitment to rewarding its team for their hard work and dedication. The share sale is set to be managed by Morgan Stanley, the prominent Wall Street bank. Revolut aims to achieve a valuation of at least $33 billion (£26 billion), maintaining the impressive valuation it secured during its 2021 funding round. This move reflects the company's strong performance and ambitious growth targets. #Revolut was founded in 2015 by Nikolai Storonsky, who currently serves as the CEO. Under his leadership, the company has grown exponentially, serving over 40 million customers and nearly doubling its revenue to around £1.7 billion last year. This rapid expansion underscores Revolut's position as a leading player in the global fintech market. Current investors in Revolut include major entities such as SoftBank Group Corp.'s Vision Fund and Tiger Global Management. Their continued support highlights the confidence in Revolut's business model and future prospects. The proposed share sale is expected to be exclusive to company employees, emphasizing Revolut’s strategy to keep its workforce motivated and invested in the company's success. This development is significant for the global fintech sector, as it sets a precedent for how leading companies can reward their employees while continuing to drive growth. Additionally, Revolut’s ongoing application for a UK banking license remains a crucial milestone. The outcome of this application will be pivotal for the company’s future operations and potential IPO plans. You know, one of the most frequent question I get when advising early stage fintech company is: how employees can benefit from stock option plans? How do they work? It's normal to know nothing about them if you never had the experience. But here a simple question could rises: if Revolut is really near to an IPO, why are employees cashing in right now? The article on Sky Media UK in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

Revolut Achieves $45 Billion Valuation, Solidifying Its Position as Europe's Leading Fintech Startup Revolut, a British financial technology firm founded in 2015, has recently reached a valuation of $45 billion through a secondary share sale, positioning itself as the most valuable fintech company in Europe. This valuation surpasses that of central traditional banks like Societe Generale and Barclays, reflecting these institutions' challenges in profitability and regulatory compliance. The share sale, facilitated by prominent investors such as Coatue and Tiger Global, allows employees to liquidate some of their shares, indicating strong investor confidence in Revolut's growth potential. 1️⃣ Valuation Comparison: At $45 billion, Revolut's valuation is more than double that of Societe Generale and slightly above Barclays, highlighting the contrasting fortunes of fintech firms versus traditional banks. 2️⃣ Financial Performance: The company reported a record pretax profit of £438 million ($564.36 million) in 2023 and has grown its customer base to 45 million globally. 3️⃣ Market Dynamics: Traditional banks are struggling with weak profitability and stringent regulations, while Revolut's innovative approach and recent acquisition of a UK banking license position it favorably among consumers seeking app-based banking solutions. Despite its success, Revolut has not announced plans for an initial public offering (IPO), suggesting a focus on further growth before considering public listing options. #revolut #fintech #startup

Revolut's founder, Nik Storonsky, just made waves in the fintech world by selling shares worth up to $300M, reinforcing his status as one of Europe’s wealthiest tech moguls. This move comes after securing a long-awaited banking license from UK regulators, a step that positions Revolut as a major player in the global financial ecosystem. 🏦 But what does this mean for the fintech industry? As Revolut’s public listing approaches, likely in New York, it signals the growing competitiveness of fintech giants on the global stage. For fintech developers and investors, Revolut's story underscores the importance of innovation, regulatory agility, and strategic timing in a rapidly evolving market. 🌐 Could this be the next turning point for fintech? Only time will tell, but one thing is clear: Revolut is showing us what the future of banking might look like. #Fintech #Revolut #Banking #Finance #Startups #Fintech

Tiger Global Management is reported in talks to led the $500 million Revolut share deal We all know that #Revolut, the British-based #fintech giant, is planning a substantial $500 million secondary share deal, but now it seems that it already engaged in discussions with Tiger Global Management to lead it. This new development follows Revolut’s impressive $800 million primary funding round in 2021, also led by Tiger Global and SoftBank Group Corp.. The current deal, focused on a secondary offering, allows many of Revolut's employees to sell their existing shares, offering liquidity without issuing new equity. Founded in 2015 by Nik Storonsky, Revolut has quickly ascended to become a key player in the global fintech space, boasting over 40 million customers. The company reported record earnings of £438 million last year, with revenues nearly doubling to £1.8 billion. Despite a challenging landscape for tech valuations over the past two years, Revolut aims to secure a valuation of at least $40 billion, potentially reaching as high as $45 billion. The proposed share sale comes as Revolut navigates ongoing regulatory and compliance challenges, including a pending application for a UK banking license submitted over three years ago. CEO Nik Storonsky has been vocal about his frustrations with the regulatory delays, even suggesting a reluctance to list on the London Stock Exchange due to the slow process. The company has also faced scrutiny for the release of funds flagged by the National Crime Agency as suspicious, yet it continues to expand its customer base at a rapid pace. Tiger Global’s interest, along with other potential investors, underscores the significant market confidence in Revolut’s business model and growth trajectory. The fintech sector is watching closely, particularly given the broader context of fluctuating tech valuations and the recent funding successes of other digital banks like Monzo Bank, which recently raised nearly £500 million. The article on Sky Media UK in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

What makes the UK's highest-ever valued startup Revolut ($33b ) so special? The banking license allows it to be in a mobilization stage and compete against the UK's biggest bank like Barclays!! With the latest share sale, Revolut is seeking a valuation of $40b which will outpace its valuation from the Europe top's bank!! ~HSBC 159b, BNP 73b, Barclays $33b, Deutsche Bank 28b, and some giants like Wise 9b and Monzo named few... Rapid Growth Number of Revolut since its inception year 2015🗓️ 1) 𝐓𝐨𝐭𝐚𝐥 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 $1.7b to date And Valuation from $1.7b in Y18 to $33b 💰in Y22 2) 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐟𝐢𝐠𝐮𝐫𝐞𝐬💲 from $58m in Y18 to $2.2b in Y23 Y23, Revene $2.2b(95% up), Net Profit $428m Y22, Revenue $1.1b, Net Profit $7m 3) 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐆𝐫𝐨𝐰𝐭𝐡 1m in Y17 customer to 45m customer base in Y24 4) 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐚𝐜𝐡🗺️ Y15 started in the UK and is now in 35+ Countries 5) 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧🔂 Y17 $6b transaction to $250b+ transaction What makes it so special? 📍Multi-Currency Accounts Allows users or frequent travelers like me :) To hold, exchange & transfer money in multiple currencies. 📍Free Global Money Transfer To send money abroad in a second with very minimal charges 0.5% 📍Instant Peer-to-Peer Payments 70 euros for referral, and that's how they gained a 12m customer base in the last Y23!! 📍Cryptocurrency Trading High fees :( 2.49% of the transaction value 📍Comprehensive Financial Services budgeting tools, savings vaults, stock trading, and insurance products, positioning itself as a one-stop financial hub. One App Many Solutions!! What else do you look for Revolut? Some Insights credit 2 Seb Johnson sharing news on UK Startups! . #revolut #startup #funding #valuation #venturecapital

CEO and co-founder of Revolut, Nik Storonsky, has reportedly sold up to 60% of his shares in the company, valued at $300 million, in a recent secondary share sale. The transaction is said to involve offloading between 40% and 60% of his shares. The sale, aimed at increasing employee liquidity, saw major #investments from Tiger Global Management, Coatue, and D1 Capital Partners L.P. Despite this sale, Storonsky retains a substantial stake in Revolut, valued at approximately $8 billion. Revolut’s #valuation has now reached $45 billion. With Revolut's expansion plans and its new headquarters in Canary Wharf, London, alongside a record-breaking financial performance, this sale marks a pivotal moment for the company. 💡 Read the full article: https://lnkd.in/eUREh8AS 📣 Subscribe to our newsletter for more industry news: https://lnkd.in/eXxySMYS #Fintech #Revolut #NikStoronsky #BankingTech #ChallengerBanks #Finance #BusinessNews