TLDR:
- Revolut, a fintech company, is offering $500 million worth of shares to its employees at a $45 billion valuation.
- The company’s success can be traced back to a successful crowdfunding campaign in 2016 that turned ordinary investors into potential millionaires.
In a move that solidifies its position as Europe’s most valuable start-up, Revolut, the innovative fintech company, has announced an ambitious share sale to its employees. The company plans to offer up to $500 million worth of existing shares at a staggering $45 billion valuation, a significant leap from its previous $33 billion valuation in 2021. This internal share sale, available to eligible employees who have been with the company for at least a year, comes on the heels of Revolut securing a long-awaited UK banking license and reporting impressive financial results for 2023. With 45 million customers globally and a pre-tax profit of £438 million, Revolut’s latest move not only rewards its staff but also underscores the company’s remarkable growth trajectory in the competitive fintech landscape.
Founded in 2015, this digital banking startup has not only disrupted the financial services industry but has also rewritten the rulebook on startup investing. At the heart of this narrative lies an extraordinary crowdfunding campaign that turned ordinary investors into potential millionaires, showcasing the power of early-stage investing and the meteoric rise of one of Europe’s most valuable tech companies.
Some key points to note include:
- The average investment during the crowdfunding round was £2,152, and early investors have seen a 40,000% return on their stakes.
- Revolut has navigated through multiple funding rounds, with each resulting in a significant uptick in valuation.
- The company’s success can be attributed to its rapid growth strategy, innovation, and ability to pivot and evolve.
