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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

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

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

Challenger Banks come back 🚀 ! Revolut investor writes-up stake by 20 per cent as ‘commercial traction’ grows! This investor said the uptick in Revolut’s valuation reflected positive “commercial traction” for the firm and a “stabilising” in the value of tech firms across the market. See more about this investor views through this link https://lnkd.in/e9g5pmjk. Despite challenges in fundraising, the fintech industry continues to grow, meeting the diverse financial needs of consumers and businesses globally, something I shared few months ago " Is Fintech dead 💀⚰? Absolutely not! ". If you want to know where Fintech is heading, check the report from the World Economic Forum and Cambridge University Press. 🙌💡 We're honored that Agora (Financial Technologies formerly Agora Services) is one of the 200 fintech companies worldwide selected to contribute to this insightful report - see link in comment below. For Community Banks and Credit Unions, Revolut's surge and Fintech coming recovery highlights an urgent need to bolster their digital capabilities in the face of competition from industry heavyweights like JPMorgan Chase & Co. (with over $15B IT budget a year), as well as Fintech players such as Chime, Square/Block, Apple. The time is ripe for Community Banks and Credit Unions to embark on their digital transformation journey by embracing the 3rd generation of banking platforms – modular solutions that enable the creation of tailored financial products, seamless integration with third-party Fintech solutions, and substantial operational cost reductions exceeding 60%! You know who can provide this technology 😉 Efi Pylarinou Jason Mikula Marcel van Oost #digitalbanking #corebanking #bankingsolutions #fintechsolutions #digitaltransformation #fintech #baas #neobanks #challengerbanks #embeddedfintech #creditunions #communitybanks #creditcards #debitcards #embeddedfinance

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

🚨 𝙅𝙐𝙎𝙏 𝙄𝙉: Some of Revolut’s earliest investors will be offered the chance to cash in on the FinTechs giant’s latest secondary share sale in a move that has staved off potential legal action, City AM revealed. The British banking company has opened up the next phase of its sale to early stage investors, including those holding stock through start-up investment platform Republic Europe. Nearly 3,500 Republic users will be given the chance to sell down their holdings at a price of $865.42 per share, Revolut said in a letter to investors. These shareholders, some of whom are likely to be millionaires on paper, have collectively been allocated up to $9.1m as part of the wider sale coordinated by Morgan Stanley that values Revolut at $𝟰𝟱𝗯𝗻. Revolut has extended the sale that was initially limited to current employees this summer, saying it “continued to attract demand from investors”. Former staff are now eligible to participate (https://lnkd.in/d-_KMQsn), while some of Revolut’s other early investors are reported to have offloaded at least $300m in a transaction backed by wealthy Goldman Sachs clients. It brings closure to a lengthy disagreement (https://lnkd.in/dMvWcx_9) between Revolut and Republic regarding the sale of shares held by investors who took part in a 2017 crowdfunding campaign on the platform, which was then called Seedrs. Soure/more info: https://lnkd.in/diTwxRVe Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

The fintechs – public and private – that are solving real problems and have strong fundamental unit economics will continue to perform well,” said Nigel Morris, a managing partner at QED Investors. Two of QED’s profitable portfolio companies are San Francisco-based SoFi Technologies Inc. and Brazilian challenger bank Nu Holdings Ltd., or NuBank. SoFi’s shares are up around 47% so far this year, while NuBank’s are up 62%.

Fintech companies started since 2000 in the US and Europe are now worth $2T. But less than 20% of this value is public! The vast majority of this value ($1.3T, 66%) is still private and not exited, waiting for an exit window. 📉Public listings (IPO % SPACs) have called dramatically from the 2021 peak, leaving a pipeline of $500B+ in private fintech value looking for liquidity in the short-medium term. In the next three years, companies such as Stripe, Revolut, Chime, Klarna, Deel, Plaid, and many others might go public. But it clearly depends a lot on how receptive the market will be. 🔎 Looking at the public market today, however, recently listed fintech companies are showing a 3.4x discount from incumbents, so strong valuation drops are expected in exiting. On average, they are valued at just 1.9x EV/Revenue! These fintechs are mostly paying a lack of profitability, making them far from meeting the rule of 40 (EBITDA + revenue growth >=40%). Explore the full State of Fintech in the US & Europe by Dealroom.co, Motive Ventures, and ABN AMRO Bank N.V. 👇