Jack Winter’s Post

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

Nik Storonsky, founder and CEO of Revolut, is set to cash in part of his multibillion-dollar stake as part of a $500 million share sale This move comes as #Revolut continues to solidify its position as Britain's most valuable #fintech company. Storonsky plans to offload a portion of his stake, potentially worth tens or even hundreds of millions of dollars, in a secondary share sale organized by Morgan Stanley. The exact size of his stake and the final valuation of the sale will depend on the interest from new investors and final allocation decisions. Nik Storonsky founded Revolut in 2015 and has led the company through rapid growth and expansion. With over 40 million customers globally, Revolut has become a major player in the fintech space. Despite regulatory and compliance challenges, the company's growth trajectory remains impressive. The share sale comes at a time when Revolut is experiencing record earnings and rapid revenue growth. Last year, the company reported earnings of £438 million, with revenues nearly doubling to £1.8 billion. This sale is expected to be closely watched across the global fintech sector. Revolut has been at the forefront of transforming digital banking and financial services. With customer numbers soaring and a strong market presence, the company's expansion efforts highlight its potential to maintain its high valuation despite the recent downturn in tech valuations. However, the broader fintech funding landscape has been challenging, with many tech companies struggling to maintain their unicorn status. Revolut's success story, juxtaposed with these industry challenges, underscores its unique position in the market. Revolut's application for a UK banking licence has been pending for over three years. Storonsky has been vocal about his frustration with the delay, which has raised questions about the regulatory environment in the UK and its impact on fintech companies. 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

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

Nik Storonsky, founder and CEO of Revolut, is set to sell part of his multibillion-dollar stake as part of a $500 million share sale. 🔹 Revolut aims for a valuation of at least $33 billion. 💼 Morgan Stanley to organize the transaction. 🌍 Revolut has over 40 million customers worldwide. 🚀 Rapid growth with revenues nearly doubling to £1.8 billion. 🔒 Awaiting approval for a UK banking license. #Fintech #Investing #Revolut 🔹 Potentially tens or hundreds of millions in stock to be sold. 💰 Revolut’s shareholders include SoftBank’s Vision Fund and Tiger Global. 🕒 Employees may be eligible to sell equity. 📈 Previous secondary sales conducted post-Series E round in 2021. 🌟 Numerous expressions of interest from prospective investors. Revolut founder Storonsky to cash in as part of $500m share sale https://lnkd.in/giPvSiSP

Revolut cements $45bn valuation in employee share sale The financial superapp is now Europe's most valuable privately-owned fintech Revolut has boosted its valuation to $45 billion following an employee share sale, just weeks after securing a UK banking license. Investors like Coatue, D1 Capital Partners L.P. , and Tiger Global Management are backing this London-based fintech, which last raised $800 million in 2021 at a $33 billion valuation. Coatue’s founder, Phillipe Laffont, praised Revolut's ability to scale globally and its commitment to innovation and financial inclusion under CEO Nik Storonsky's leadership. Check out the full piece 👇 by Tom Matsuda Sifted ❤️ Enjoyed this? Share the love with your network! 🗣 Have insights to share on this topic? Please comment! 🎉 Wanna learn more? I'ma message away! Let's get it 🚀 #fintech #innovation #growth #shares

**Revolut Achieves $45B Valuation in Employee Share Sale** What started as a fledgling tech-startup in 2015 has now become Europe’s top Fintech firm and UK's second most valuable bank after HSBC. The company was founded by Nikolay Storonsky as a digital banking alternative and secured a UK banking license in July 2024 after a prolonged wait, marking a major milestone. It now serves over 45 million customers globally and continues to expand its offerings. Despite facing competition and regulatory challenges, Revolut remains focused on innovation and global growth, with plans for a public listing, potentially on Nasdaq. While the UK government is encouraging Revolut to list in London, the company is still considering a Nasdaq listing. The London stock exchange “is much less liquid so I just don’t see the point”, Storonsky said. This new valuation highlights Revolut's strong performance compared to other fintech companies. #digitalbanking #revolut #onlinebanking #nasdaq #ipo #lse #stockexchange #publiclisting #finance #fintech #tech #technology

Revolut remains impressive.  The UK-based #fintech has achieved a remarkable $45 billion #valuation through a share sale by its employees, despite a broader downturn in the fintech sector. This valuation solidifies Revolut's position as Europe's #mostvaluable start-up, second only to HSBC among UK banks, and surpassing traditional banks like Barclays and Lloyds. The sale, which involved around $500 million worth of shares, attracted investments from notable firms such as Coatue, D1 Capital Partners L.P. , and Tiger Global Management. This valuation is an increase from the $33 billion valuation in 2021, signaling strong confidence in Revolut's growth prospects, particularly following its recent acquisition of a UK banking license. This milestone has heightened the anticipation around Revolut's potential #IPO, with the UK government actively trying to persuade the company to list in #London instead of #NewYork. Revolut has rapidly expanded its global customer base to over 45 million, including 9 million in the UK. The company, founded in 2015, has aggressively pursued international growth, securing #bankinglicenses in multiple countries, including #Lithuania, #Mexico, and most recently, the #UK. This UK banking license is seen as a critical endorsement that could pave the way for further expansion into markets like the US. The share sale also highlights the significant personal stakes of Revolut's founders and leadership, with CEO Nikolay Storonsky's stake now valued at nearly $8 billion. Despite its impressive growth and valuation, Revolut's future listing location remains uncertain, with the Nasdaq currently the favored option due to #higher #liquidity compared to the London Stock Exchange.

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

Revolut seeks $40bn valuation through share sale – FT "...Sources with knowledge of the plans told the FT that the fintech is working with Morgan Stanley to sell about $500 million worth of existing shares, including those held by employees, to reach this valuation. This comes after an investor revaluation earlier this year placed Revolut’s valuation at $25.7 billion, which was still down from its 2021 valuation of $33 billion..." #valuation #sharesale #neobank Financial Times Finextra _________________________________ If you want to immediately see new content that I curate 👉🏻 Ring my bell (🔔) and follow #informationbanker or if you want to get the posts that got noticed in my weekly What’d I miss newsletter, subscribe here: "https://lnkd.in/d5_KvWwu"