Revolut employees are in line for a payout bonanza after the UK fintech firm launched a share sale that has pushed its valuation up by two-thirds to $75bn (£55bn).
The secondary sale, which prices each share at $1,381.06, will secure the finance app’s position as one of the world’s most valuable fintech firms.
Employees will be allowed to sell up to 20% of their personal holdings to new and existing investors over the coming weeks, with payouts likely to follow in the early autumn.
The secondary share sale, which was announced to staff on Monday, comes after Revolut boosted its annual profits by more than 150% in 2024 to £1bn, following a jump in subscriptions and revenues from its wealth and crypto trading divisions.
Revolut’s founder and chief executive, Nik Storonsky, has already enjoyed a $200m-$300m windfall, according to reports, as a result of a separate share sale that valued the company at $45bn last summer. Storonsky is said to be in line for multibillion-dollar fortune if he manages to push the fintech company’s valuation past $150bn (£110bn).
Tbh I’m surprised no one wants to acquire Revolut, big banks in the UK have the money to start investing and it would be a way to expanding their reach after all of them downsized post-financial crisis