Revolut is offering ex-employees the chance to sell their shares back to the company, albeit at a discounted rate, according to reports.
Founded in 2015, Revolut is Europe’s largest neobank, with close to 65m users in more than 40 countries globally. It’s also Europe’s most valuable fintech and after securing a $75bn valuation in a secondary share sale last month.
According to correspondence seen by the Financial Times, the company has given former staffers the opportunity to sell their shares back to the company at $966.74 each, a 30% discount to its recent secondary share sale which valued each share at $1,381.06 each.
“We received interest from a number of former employees looking to sell shares, so we extended the buyback programme that we started earlier this year to facilitate this for those who wish to participate.,” a Revolut spokesperson told the FT in a statement.
While ex-employees were being offered a price that was 30% lower than the recent funding round, it was still 12% higher than the price on offer in the 2024 secondary sale, which valued Revolut at $45bn.
Despite the deduction, the programme is also likely to offer a significant windfall to Revolut alumni. According to a Sifted analysis of Companies House records, at least 239 current and former staff own shares worth more than $1m on paper following Revolut’s new $75bn price tag.
Sifted approached Revolut for comment.
