Revolut Employees and Investors Cash Out $1 Billion After UK Banking License Milestone

According to reports from Odaily, fintech giant Revolut has witnessed employees and early investors selling nearly $1 billion in stock, marking one of the most significant cash-outs in the company’s history. This follows the company’s recent acquisition of a UK banking license, propelling its valuation to $45 billion.

What’s Driving the Stock Sale?

Acquisition of UK Banking License: This pivotal milestone has boosted Revolut’s attractiveness among institutional investors, including Abu Dhabi’s sovereign investor, Mubadala, which joined as a first-time backer.Extended Stock Sale: Revolut extended the secondary stock sale deadline twice, allowing early investors and employees to liquidate part of their holdings.

Key Highlights

Revolut's founder and CEO, Nik Storonsky, reportedly earned between $200 million and $300 million in the first round of sales.Early venture capital investors cashed out nearly $500 million during the second round.The total stock sales are expected to exceed $1 billion, making this a significant liquidity event for early backers.

Market Implications

Revolut’s increasing valuation and liquidity events signal growing institutional confidence in its business model and scalability. However, the company has declined to comment on these developments, leaving questions about its future growth trajectory amid the high-profile cash-out.

Stay tuned for updates as Revolut continues to make headlines in the fintech world!

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