Revolut staff are in line for a bumper payday after the company launched a share sale that has pushed its valuation up to £55billion.
Employees at the UK-based fintech firm have been told they can sell up to 20 per cent of their stock to new and existing investors, the Financial Times reported.
That will crystallise the increasing value of the company, which was lodged at £33billion in a share sale last summer.
A fund raising in July reportedly saw that pushed to £48billion. Earlier this year, Revolut revealed that annual profits had risen 149 per cent to £1.1billion in 2024.
It obtained a UK banking licence ‘with restrictions’ last year but is still working to achieve a full licence.
The company aims to compete with traditional European banking giants and is targeting 100 million customers in 100 countries.
Share sale: Revolut employees have been told they can sell up to 20% of their stock to new and existing investors, the Financial Times reported
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
InvestEngine
InvestEngine
Account and trading fee-free ETF investing
Trading 212
Trading 212
Free share dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
Compare the best investing account for you
#Revolut #staff #line #bumper #payday #share #sale #pushes #firms #valuation #55bn
