Challenger bank Revolut has achieved a remarkable valuation of $45 billion following an investment from Mubadala, the sovereign wealth fund based in Abu Dhabi.
As reported by the Financial Times, this deal will yield a minimum of $200 million for Revolut’s founder, Nik Storonsky. In August, employees of Revolut sold shares worth $500 million, with Storonsky representing approximately half of that transaction.
Mubadala was among several investors, including DI Capital Partners, Tiger Global, and Coatue, who participated in purchasing these shares. However, the specifics regarding the number of shares Mubadala acquired or the exact proportion of their ownership remain unclear.
This investment aligns with Mubadala’s strategy to target European opportunities, having successfully completed 28 deals in the last five years, which constitutes around 20% of all global transactions.
In parallel, Revolut has recently obtained a banking license in the UK after a three-year process and has announced its intention to enhance its focus on business banking services. Additionally, the bank has begun applying for licenses in the Middle East in recent weeks.