Fintech
Tiger Global in talks to lead $500 million Revolut equity deal
July 17, 2024
Written by FinTech Alliance in Financial Technology
Revolut, a leading UK fintech, is preparing a $500 million share sale led by Morgan Stanley. The move is aimed at increasing the company’s valuation to more than $40 billion, up from its last valuation of $33 billion in 2021.
The share sale will primarily be employee shares and is intended to support Revolut’s growth and expansion efforts. Despite regulatory challenges in obtaining a banking license in the UK, Revolut continues to expand globally, with significant revenue growth and a growing product portfolio.