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Tech British fintech Revolut valued at $45 billion in secondary share sale

Summary
British fintech startup Revolut on Friday said that it was valued at $45 billion in a secondary share sale with existing and new investors. “This valuation reflects the strong financial performance recorded by the company in recent quarters as well as the progress made in executing its strategic objectives,” Revolut said in a statement.

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Revolut, the United Kingdom's financial services group operating worldwide and having a bank license in Lithuania, is selling part of the shares granted to employees with options to US investment companies, and upon completion of the transaction, it will reach 45 billion. value of US dollars, the bank reported on Friday.

·Vilnius, Lithuania
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Lean Left

The financial application Revolut, also used in Romania by millions of consumers and companies, announces, on Friday, in a statement sent to StartupCafe.ro, that it has signed agreements with a group of investors to sell them shares at a valuation of 45 billion dollars of the company, with the aim of giving money to fintech employees. Read on and comment on StartupCafe.ro... Image source: Dreamstime.com

·Romania
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Channel News Asia broke the news in Singapore on Friday, August 16, 2024.
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