$1B seed round pitch https://t.co/xHxE9vPYtf
Sources: Revolut staff and early investors offloaded nearly $1B in stock in a secondary sale since August 2024, after the UK granted Revolut its banking license (Financial Times) https://t.co/UEGLXUwv4n https://t.co/FviLvKzKlW https://t.co/ZOzeer2dpR
Upvest, a stock trading API used by N26, Revolut and others, raises $105 million | TechCrunch https://t.co/Ig0TQolOqi https://t.co/T1E4mW4xIN

Revolut, the London-based fintech company, has seen significant stock offloading by its staff and early investors, totaling nearly $1 billion since August 2024. This secondary sale occurred after the UK granted the company its banking license, which has been a pivotal moment for its growth. The stock was sold in multiple tranches, valuing the company at approximately $45 billion. Notably, founder Nik Storonsky reportedly realized between $200 million to $300 million in the first round of this stock sale. Additionally, Revolut is set to expand its operations in Italy, aiming to serve four million customers by 2025. The company has positioned itself as a leading player in the fintech sector, with statements likening it to 'the Apple of banks' by its executives. In related news, Upvest, a stock trading API utilized by Revolut, recently raised $105 million.
