Nik Storonsky in talks over new share deal for $500bn Revolut valuation

Nik Storonsky, the co-founder and CEO of fintech company Revolut, is reportedly engaged in discussions for a new share deal. This deal would potentially increase his stake in the company if it reaches a valuation of approximately $500 billion, according to sources. The Financial Times has quoted individuals familiar with the situation, stating that Storonsky would receive a significant number of shares if the company achieves this new target.

This proposal follows a previous agreement Storonsky signed, which granted him additional ownership by several percentage points should Revolut achieve a $150 billion valuation. In a Russian language interview in December of the prior year, Storonsky confirmed his ownership stake of 29%, which would rise by 10% if the company's valuation were to reach $200 billion.

Recent reports have estimated Revolut's valuation at $115 billion during its most recent employee secondary share sale. The company is currently aiming for a $200 billion valuation for a potential 2028 Initial Public Offering.