Crypto-Friendly Bank Revolut Plans to Sell $500M of Employee Shares at $45B Valuation

Digital bank Revolut plans to sell around $500 million of employee-owned shares, the Wall Street Journal reported on Tuesday. The deal would see Revolut's value rise to $45 billion, according to the report, which cited people familiar with the matter. The London-based fintech company has allowed the buying and selling of crypto within its app for several years and launched a standalone cryptocurrency exchange for experienced traders in May. Revolut has been in talks with investment firm Greenoaks over the sale, which would pave the way for a potential IPO. Revolut may be aiming to allow employees to raise some cash.

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