/start ups

News and resources on fintech start-ups, scale-ups, hubs, accelerators, VCs and funding worldwide.

Revolut’s Storonsky sells $300 million in company stock

Founder and chief exec at fintech giant Revolut, Nik Storonsky, has reportedly sold shares worth up to $300 million (£230 million) in the company.

Be the first to comment

Revolut’s Storonsky sells $300 million in company stock

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

In June 2024, Revolut was in talks with Morgan Stanley to sell $500 million in shares, and hit a valuation of $40 billion. 

Last month, Storonsky sold 40-60% of Revolut stock in a secondary share sale, which was worth between $200 and $300 million. The secondary sale of staff shares led by D1 Capital Partners, Tiger Global, and Coatue, was to provide employee liquidity according to the company. The secondary sale led to a valuation of $45 billion

In July 2024, Revolut finally won its UK banking licence after three years of hassle on compliance and regulatory demands. 

Sponsored [On-Demand Webinar] Global Trade Based Financial Crime: Where Trade and Payments Meet

Related Company

Comments: (0)

[Webinar] Global Workforce Payments: Mastering a world of complexityFinextra Promoted[Webinar] Global Workforce Payments: Mastering a world of complexity