Revolut could hit $45 billion valuation

Revolut is already the world’s second most-valuable FinTech startup next to Stripe, and this sale would raise its valuation by over a third

Revolut is reportedly preparing a share sale that would value it at $45 billion.

The British FinTech is close to a deal that would see it sell around $500 million in employee-owned shares, the Wall Street Journal reported Tuesday, citing sources familiar with the matter.

The report noted that the sale is an indicator of growing confidence in the FinTech space.

Revolut is already the world’s second most-valuable FinTech startup next to Stripe, and this sale would raise its valuation by over a third.

The Financial Times had reported whispers of a share sale last month. Separate reports said CEO Nikolay Storonsky was selling a “small portion” of his stake in the firm as part of that share sale.

The sale, if completed, could be announced in the coming days and would set the stage for an IPO, according to the Wall Street Journal report.

Assuming Revolut is ready to go public, it is not a given that the firm will do so in its home country, as chairman Martin Gilbert said earlier this month that he was not ready to commit to a London IPO, even as he praised pending changes to the rules for listing on the U.K. market.

All the moves (regulators) are making are good, they are allowing founder-led companies such as Revolut to list here rather than just have no choice, he added. But again let’s see how it all pans out, the proof will definitely be what happens in the future.

He said that Revolut was at least a year away from going public, with the firm planning to “keep an open mind” on where its listing would happen.