UK news site Sky News is reporting that neobank Revolut’s founder Nik Storonsky has sold more than £330 million (USD $400 million) of shares in the company. He continues to hold about $8 billion worth of Revolut stock, based on Revolut’s $45 billion valuation achieved in a fundraising mid last year.
The report states that Nik Storonsky sold the Revolut shares alongside several thousand Revolut employees, as the company extended a deal to allow existing investors to offload part of their holdings in the privately held company.
The shares were sold to a group of large private equity and tech investors including Abu Dhabi’s sovereign wealth fund Mubadala, Coatue and D1 Capital Partners.
We had recently reported that Revolut was branching out from its savings and payments…
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