Embark on a journey into the world of fintech with this exclusive Editor’s Digest curated by Roula Khalaf, Editor of the FT. Dive into the latest news and developments in the financial technology industry.
- Abu Dhabi sovereign investor, Mubadala, has made a strategic move by acquiring a stake in Revolut for the first time. This investment comes on the heels of a successful share sale that saw the London-based fintech company achieve a staggering $45bn valuation. Not only did this transaction benefit Revolut, generating at least $200mn for its founder and CEO Nik Storonsky, but it also attracted other notable investors such as Coatue, D1 Capital Partners, and Tiger Global.
- The investment from Mubadala in the $500mn share sale led by Revolut employees signifies a significant development in the fintech space. With a focus on identifying the next tech winners through AI-driven investing, Mubadala’s investment highlights its commitment to fostering innovation and growth in the industry.
-
Prior to the share sale, Nik Storonsky’s stake in Revolut was valued at almost $8bn. The transaction not only proves to be a lucrative opportunity for Storonsky but also paves the way for his venture capital fund, QuantumLight, to flourish. Established two years ago, QuantumLight aims to track venture-backed companies with a focus on identifying success patterns in the tech sector.
-
As Revolut continues to expand globally, the investment from Mubadala opens up new possibilities for the company. With a strong presence in Europe and plans for further regulatory approvals in key markets like the US, Revolut is poised for exponential growth. The recent acquisition of a UK banking license is a significant milestone for the fintech giant, setting the stage for its future endeavors.
In conclusion, the collaboration between Mubadala and Revolut marks a pivotal moment in the financial technology landscape. This strategic investment not only underscores the potential of the fintech industry but also highlights the opportunities for growth and innovation that lie ahead. Stay tuned for more exciting developments in the world of fintech as Revolut continues on its path to global expansion and success.
Leave feedback about this