Revolut investors rake in over $300 million in epic share sell-off!

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Discover the latest newsletter curated by Roula Khalaf, the Editor of the FT, featuring a collection of captivating stories handpicked just for you.

Early Investors Cash Out
- Revolut, the UK fintech giant, saw early investors cashing out shares in a transaction that garnered between $300mn and $500mn, while keeping the company’s valuation intact at $45bn.
- A significant portion of the stock was acquired by Goldman Sachs’ growth equity unit on behalf of private wealth clients, solidifying the ties between Revolut and the US bank.
Expansion and Growth Strategy
- Revolut, founded by Nikolay Storonsky and Vlad Yatsenko in 2015, secured a long-awaited UK banking license after overcoming regulatory hurdles.
- The company aims to rapidly expand globally, focusing on doubling down on aggressive growth strategies leveraging its existing licenses and positioning.
Recent Share Sales
- Following a previous share sale transaction in August involving $500mn worth of stock, Revolut continued to see high demand and decided to offer more shares to investors, successfully selling up to $1bn in recent months.
- Earlier investors including Index Ventures, Balderton, and Seedcamp capitalized on the opportunity to realize returns, marking a significant milestone in Revolut’s journey.
Looking Ahead
- Revolut has its sights set on offering mortgages in Lithuania, Ireland, and France by 2025, showcasing its commitment to global expansion and diversification.
- The company’s ambitious plans include obtaining a US banking license and rolling out credit card offerings, signaling its intent to cater to a wider customer base around the world.

Revolut’s success story is just beginning, with its relentless pursuit of growth and innovation driving its journey towards becoming a global financial powerhouse. Stay tuned for more exciting developments as Revolut continues to reshape the fintech landscape with its bold vision and unwavering commitment to excellence.