Revoluta London, UK-based global financial technology company with over 45 million customers worldwide, has signed agreements with a group of technology investors to provide liquidity to its employees through a $45 billion secondary share sale.

The round was led by Coatue, D1 Capital Partners and existing investor Tiger Global.

This secondary share sale provides current employees with the opportunity to benefit from their contribution to Revolut’s growth, while attracting a diverse mix of new and existing investors.

This rating reflects the company’s financial performance over the past few quarters, as well as progress in executing its strategic objectives. In 2023, Revolut reported revenue of $2.2 billion (up 95% year-on-year) and record pre-tax profits of $545 million.

This latest development builds on the growth Revolut has achieved throughout the year. The company, led by CEO Nik Storonsky, secured a banking license in Mexico, followed by the granting of its UK banking license (approval with restrictions) in July, a key step in the company’s continued expansion both in the UK and globally. In addition, Revolut announced the launch of several new products, including the RevPoints loyalty program, eSIMs and the Revolut X crypto exchange.

FinSMEs

27.08.2024