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The funding round for Revolut, which provides liquidity to employees, was led by Coatue, D1 Capital Partners and current investor Tiger Global.
one Fintech Revolut has announced a secondary sale of $45 billion worth of shares to provide liquidity to its employees, after signing an agreement with a group of leading technology investors.
“This secondary share sale enables existing employees to capitalise on their contribution to Revolut’s growth, while attracting a diversified mix of new and existing investors,” the company said in a statement.
The round was led by Coatue, D1 Capital Partners and current investor Tiger Global. Morgan Stanley served as the sole placement agent in this transaction.
“We are delighted to give our employees the opportunity to enjoy the benefits of the company’s collective success. It’s hard work, innovation and dedication that has made us the most valuable private technology company in Europe. We are also excited to partner with several new investors who share our vision to continue our journey to redefine banking,” said Nik Storonsky, CEO of Revolut.
Philippe Laffont, founder and portfolio manager at Coatue, expressed “full confidence in Revolut’s mission to democratize financial services globally.”
The statement said the review of the secondary sale of shares “reflects the company’s strong financial performance in recent quarters and the progress it has made in achieving its strategic objectives.” Profits to reach $395 million in 2023 Revenues reached $2.2 billion, growing 95% annually.
Last July, Fintech After several years of waiting, I received Banking license to operate in the UKalbeit with limitations.
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