Abu Dhabi’s sovereign wealth fund, Mubadala, is reportedly in talks to buy an additional $100 million stake in Revolut, the London-based fintech giant that also offers crypto exchange services.
This comes after Mubadala’s smaller investment last year in a $400 million private share sale by Revolut’s founder, Nik Storonsky, when the company was valued at $45 billion.
Sky News reports that Mubadala has declined to comment on the potential deal. The shares would likely come from existing investors like Balderton Capital – one of Revolut’s early backers – who seem interested in cashing out part of their holdings. Other big tech companies in Revolut’s investor list include SoftBank, Coatue, and D1 Capital Partners.
Per the spokesperson, a thorough review is expected, as getting this right is more important than rushing to meet a specific date.
This move shows Mubadala’s strategy to strengthen its ties with companies that have global growth potential. Revolut currently has over 60 million users worldwide, including 500,000+ business customers. Also, the company has become one of the most downloaded finance apps across Europe and beyond.
If this stake purchase goes through, it looks like Mubadala is betting big on Revolut’s continued growth in the coming years.
Also Read: Tether Backs Crystal Intelligence in Blockchain Crime Crackdown
