Move would cement the fintech’s status as Europe’s most valuable start-up
Revolut has told staff it is launching a sale of up to $500mn worth of existing shares at a $45bn valuation, in a move that would cement the fintech’s status as Europe’s most valuable start-up. Employees were told on Friday that staff who have been at the fintech for at least a year and are not on gardening leave will be eligible to sell 20 per cent of their vested share options at a price of $865.42 a share, said people familiar with the matter.
The regulatory decision ended a three-year long wait during which the fintech was rocked by setbacks including a qualified audit in its delayed 2021 accounts. Revolut is one of the few fintechs to have increased its valuation since a slowdown in venture capital hit the sector in the past two years. The financial app was last valued at $33bn in a funding round led by Japanese investor SoftBank and US fund Tiger Global.
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