{"id":150009,"date":"2025-11-24T08:58:09","date_gmt":"2025-11-24T08:58:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/150009\/"},"modified":"2025-11-24T08:58:09","modified_gmt":"2025-11-24T08:58:09","slug":"revolut-share-sale-values-london-fintech-giant-at-57-billion","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/150009\/","title":{"rendered":"Revolut share sale values London fintech giant at \u00a357 billion"},"content":{"rendered":"

\"Nik Nik Storonsky is the founder and chief executive of Revolut (PA) <\/p>\n

London<\/a>\u2019s biggest fintech<\/a> Revolut<\/a> has been valued at $75 million (\u00a357 billion) after completing a share sale that makes it worth more than high street giants Barclays and Lloyds.<\/p>\n

The sale brought in new funding from a range of investors including NVentures, the venture capital arm of AI giant Nvidia, the world\u2019s most valuable company<\/a>.<\/p>\n

The transaction was led by US investors Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research, with participation from a \u201cbroad group\u201d of institutions including Andreessen Horowitz (aka a16z), Franklin Templeton, and T. Rowe Price Associates.<\/p>\n

Staff were given the opportunity to sell their shares as part of the transaction.<\/p>\n

Revolut, which is headquartered in Canary Wharf <\/a>and has more than 65 million customers worldwide, including 12 million in the UK, has the stated ambition to \u201cbuild the world’s first truly global bank.\u201d It aims to have 100 million retail customers by mid 2027.<\/p>\n

In September the company committed to \u00a310 billion of investment<\/a> over five years to drive its expansion, including a \u00a33 billion commitment to the UK supporting over 1,000 new jobs in the market.<\/p>\n

\"Revolut Revolut relocated to the newly refurbished YY London building in the centre of Canary Wharf (Revolut\/PA) <\/p>\n

Landmarks this year include final banking authorisation and imminent launch in Mexico, winning a banking incorporation licence in Colombia, and upcoming launch in India.<\/p>\n

Revolut\u2019s CEO and co-founder Nik Storonsky, said: \u201cThis milestone reflects the remarkable progress we have made in the last twelve months towards our vision of building the first truly global bank, serving 100 million customers across 100 countries. I\u2019d like to thank our team for their determination and energy, and for believing that it is possible to build a global financial and technology leader from Europe.\u201d<\/p>\n

CFO Victor Stinga said: \u201cThe level of investor interest and our new valuation reflect the strength of our business model, which is delivering both rapid growth and strong profitability. We welcome onboard a series of world-class investors and look forward to working with them for the next stage in Revolut\u2019s evolution.\u201d<\/p>\n

Last year Revolut’s revenue grew 72% to $4 billion, while pre-tax profit before tax increased 149% to $1.4 billion.<\/p>\n

Nik Storonsky co-founded Revolut with Vlad Yetsenko in 2015 in the Canary Wharf tech hub of Level39.<\/p>\n","protected":false},"excerpt":{"rendered":"Nik Storonsky is the founder and chief executive of Revolut (PA) London\u2019s biggest fintech Revolut has been valued…\n","protected":false},"author":2,"featured_media":150010,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[27955,114,91642,91643,91644,85,46,442,45079,91645,39813],"class_list":["post-150009","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-andreessen-horowitz","tag-business","tag-canary-wharf","tag-fidelity-management-research","tag-franklin-templeton","tag-il","tag-israel","tag-london","tag-revolut","tag-t-rowe-price-associates","tag-worlds-most-valuable-company"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/150009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=150009"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/150009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/150010"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=150009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=150009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=150009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}