(Reuters) -Balderton Capital, an early investor in London-based fintech firm Revolut, has sold shares worth hundreds of millions of dollars, the Financial Times reported on Friday.
The European venture capital firm has offloaded about $1 billion in recent deals, the report said, citing a person familiar with the matter.
Reuters could not immediately verify the report and while Revolut declined to comment, Balderton Capital did not respond to a Reuters request for comment outside business hours.
Separately, Revolut has launched a tender offer to repurchase up to 10% of its shares from eligible investors at $865.42 apiece, Bloomberg News reported on Thursday, citing company documents.
This offer reflects Revolut’s $45 billion valuation achieved in a secondary share sale in 2024, according to the Bloomberg report.
Earlier this week, a source told Reuters that Revolut had initiated a secondary share sale, valuing the company at $75 billion as it seeks to expand and compete with major lenders.
(Reporting by Bipasha Dey in Bengaluru; Editing by Mohammed Safi Shamsi)
