Revolut's early backers and employees have sold shares through a secondary offering, valuing the company at $45 billion.
The sale attracted major institutional investors, including Mubadala and Goldman Sachs' private banking clients.
Early
investors and employees of digital banking giant Revolut have sold nearly $1
billion worth of shares since August, marking one of the largest private
secondary sales in fintech history. The transactions value the London-based
fintech at $45 billion.
Mubadala, Goldman Clients
Buy Into $45 Billion Revolut Deal
The share
sale, initially restricted to current employees, expanded to include early
backers and former staff through two extended rounds. CEO Nik Storonsky
realized between $200 million and $300 million from the initial offering,
according to the Financial Times.
Abu Dhabi's
sovereign wealth fund Mubadala made its debut investment in Revolut during the
sale, while Goldman Sachs private banking clients joined in the second round.
Early venture capital investors accounted for approximately $500 million of the
total sales volume.
“We are
incredibly proud to reach this important milestone in the journey of the
company,” commented Revolut's CEO and Co-Founder, Storonsky, in July 2024. “We
will ensure we deliver on making Revolut the bank of choice for UK customers.”
Last month,
Revolut launched UK and EU stock trading under its latest license, entering
into competition with firms like Trading212 and Freetrade. However, the company
is not stopping there and is now seeking a license in New Zealand as well.
Why have Revolut staff and
early investors sold nearly $1 billion in stock?
Revolut
staff and early investors have sold nearly $1 billion in stock since August for
several key reasons:
To
capitalize on the company's increased valuation following its UK banking
license approval.
To provide
liquidity to long-serving employees, allowing them to realize the benefits of
the company's success.
To attract
new institutional investors while retaining existing ones, as evidenced by the
participation of Coatue, D1 Capital Partners, and Tiger Global in the secondary
share sale.
To
demonstrate confidence in Revolut's financial performance, with the company
reporting $2.2 billion in revenue for 2023 and a record profit before tax of
$545 million.
To set a
valuation benchmark of $45 billion, which represents a significant increase
from its previous $33 billion valuation in 2021.
This
secondary share sale reflects Revolut's growth trajectory and serves as a
strategic move to reward employees and attract investors.
Is Revolut on the stock
market?
Revolut is
not currently listed on any stock market. The company remains privately held
and has not yet conducted an initial public offering (IPO).
While there
has been speculation about a potential Revolut IPO, the company has not
officially announced plans or a timeline for going public. CEO Nik Storonsky
has indicated that an IPO could be considered in the next few years, depending
on market conditions and the company's growth.
Early
investors and employees of digital banking giant Revolut have sold nearly $1
billion worth of shares since August, marking one of the largest private
secondary sales in fintech history. The transactions value the London-based
fintech at $45 billion.
Mubadala, Goldman Clients
Buy Into $45 Billion Revolut Deal
The share
sale, initially restricted to current employees, expanded to include early
backers and former staff through two extended rounds. CEO Nik Storonsky
realized between $200 million and $300 million from the initial offering,
according to the Financial Times.
Abu Dhabi's
sovereign wealth fund Mubadala made its debut investment in Revolut during the
sale, while Goldman Sachs private banking clients joined in the second round.
Early venture capital investors accounted for approximately $500 million of the
total sales volume.
“We are
incredibly proud to reach this important milestone in the journey of the
company,” commented Revolut's CEO and Co-Founder, Storonsky, in July 2024. “We
will ensure we deliver on making Revolut the bank of choice for UK customers.”
Last month,
Revolut launched UK and EU stock trading under its latest license, entering
into competition with firms like Trading212 and Freetrade. However, the company
is not stopping there and is now seeking a license in New Zealand as well.
Why have Revolut staff and
early investors sold nearly $1 billion in stock?
Revolut
staff and early investors have sold nearly $1 billion in stock since August for
several key reasons:
To
capitalize on the company's increased valuation following its UK banking
license approval.
To provide
liquidity to long-serving employees, allowing them to realize the benefits of
the company's success.
To attract
new institutional investors while retaining existing ones, as evidenced by the
participation of Coatue, D1 Capital Partners, and Tiger Global in the secondary
share sale.
To
demonstrate confidence in Revolut's financial performance, with the company
reporting $2.2 billion in revenue for 2023 and a record profit before tax of
$545 million.
To set a
valuation benchmark of $45 billion, which represents a significant increase
from its previous $33 billion valuation in 2021.
This
secondary share sale reflects Revolut's growth trajectory and serves as a
strategic move to reward employees and attract investors.
Is Revolut on the stock
market?
Revolut is
not currently listed on any stock market. The company remains privately held
and has not yet conducted an initial public offering (IPO).
While there
has been speculation about a potential Revolut IPO, the company has not
officially announced plans or a timeline for going public. CEO Nik Storonsky
has indicated that an IPO could be considered in the next few years, depending
on market conditions and the company's growth.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
