Revolut completes its $115bn share sale as it cuts AI coding bills by 90%
Revolut, a London-based fintech, closed a secondary share sale led by investors including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price, and Baillie Gifford. The transaction valued the company at $115bn, marking significant growth from its previous valuation. The company also reported cutting AI coding bills by 90%, suggesting cost efficiencies from automation tools in software development.
Key points
- Secondary share sale valued Revolut at $115bn, 53% increase from prior year's $75bn
- Led by Glade Brook Capital Partners, Coatue and other major investors
- Company reduced AI coding bills by 90%
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