Revolut Employees Set to Cash In with $500M Share Sale

Revolut Employees Set to Cash In with $500M Share Sale
Revolut Employees Set to Cash In with $500M Share Sale

Hey FinTech Fanatic!

Revolut, the UK's FinTech giant, plans to sell up to £400 million in shares, allowing employees to cash in. Morgan Stanley is expected to manage this secondary share sale.

Despite not raising new capital, the sale, restricted to employees, aims to maintain Revolut's $33 billion valuation from its 2021 funding round.

Founded in 2015, Revolut has grown rapidly but faced regulatory challenges. The company has 10,000 employees, many with stock options. This move comes amid a challenging tech funding landscape and as Revolut awaits approval for a UK banking license.

Enjoy more FinTech updates below, and have a great start to the week!




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