Revolut's chief executive, Nik Storonsky, stands to receive a multibillion-dollar payout if he successfully increases the fintech's valuation to approximately $150 billion, under a long-standing pay package modeled after Elon Musk's compensation structure. Currently, Revolut is in advanced talks to raise about $1 billion in new funding through a combination of primary and secondary share sales, targeting a blended valuation between $65 billion and $75 billion. This funding round aims to support Revolut's expansion plans, particularly in the US market. The company's revenue reached $4 billion last year, marking a 72% increase, and it serves 60 million customers, with a goal to reach 100 million users by the third quarter of 2026 and achieve a $100 billion valuation before an initial public offering. Additionally, Revolut is accelerating its establishment of a new headquarters in Western Europe, planning to create over 400 jobs by 2029, including positions in Spain.
Revolut prevé realizar 400 nuevas contrataciones antes de 2029 en Europa Occidental, incluyendo España https://t.co/MS4EXhbxa8
Revolut accélère la mise en place de son nouveau siège en Europe de l'Ouest, avec plus de 400 postes à pourvoir ! https://t.co/kMSWHHVDo0 #bourse
Revego Africa Energy Fund plans to raise as much as 1 billion rand in additional funding https://t.co/nMuIFNR9LE