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Revolut

Revolut logo

Financial bias: 3.8
Team bias: 3.5

Revolut

SUMMARY
Financial Services

#hipster100 #neobank #platform #fintech #fx


Digital banking alternative and currency exchange services

Business regulatory status: FCA 900562 16May16 Status: Authorised Electronic Money Institution

valuation



market price valuation
GBP 1,328m
(as at 28Apr18)

media driven valuation
GBP 1,328m

valuations methodology

algo says

Good board
High media presence
Quality investors
Comprehensive financial statements

Complex business constitution
Operate in very competitive sector

Investor DST Global has been linked to Kremlin money

featured


finances

as at ebit rev na(nl) equity debt cash
31Dec17 -7,123 12,832 43,931 43,931 ? 23,880
Source: UK Companies House - Audited Accounts Adler Shine GBP 'OOOs
31Dec16 -7,123 2,363 3,400 3,400 ? 2,312
Source: UK Companies House - Audited Accounts Adler Shine GBP 'OOOs
31Dec15 -1,689 120 1,504 1,504 ? 1,851
Source: UK Companies House - Audited Accounts Adler Shine GBP 'OOOs
31Dec14 ? ? -121 -121 ? 17
Source: UK Companies House - Unaudited Accounts GBP 'OOOs

crowd funding

3,927,802 GBP raised via Seedrs at valuation of 275,933,000 GBP (for 1.36%) as at Aug17
source


controllers

STORONSKY, Nikolay
Ownership of shares 25 to 50 percent; voting rights 25 to 50 percent (notified: 08Apr16 ceased: )

shareholders

Seedcamp Balderton Capital Venrex Index Ventures Ribbit Capital


A PREFERRED


BALDERTON CAPITAL V L.P. 42.113%

POINT NINE CAPITAL FUND Ill GMBH& CO.KG 13.7822%

INDEX VENTURES VII (JERSEY) LP 11.179%

ROBERT MARKWICK 9.1278%

VENREX 2014 EIS FUND (VIA VENREX NOMINEES LTD) 5.2134%

SEEDCAMP III LP 2.8456%

VADIM KUCHINSKY 2.6388%

MARC OBRIEN 2.1056%

ALEXANDER POPOV 2.1056%

POINT NINE CO-INVEST Ill GMBH & CO.KG 1.1972%

WILLIAM ARMITAGE 1.0053%

FREDERICK ESIRI 0.9902%

HUGH GARMOYLE 0.9843%

MATTHEW WESTERMAN 0.6972%

DAVID BRIERWOOD 0.6643%

PIERS WESTERMAN 0.4921%

VENREX 2014 LP FUND (VIA VENREX NOMINEES LTD) 0.4719%

DONG GUO LIMITED 0.4212%

INDEX VENTURES VII PARALLEL ENTREPRENEUR 0.2769%

ROBERT CLARKSON 0.2461%

HARRIET ROUPELL 0.2051%

GUY BARING 0.2051%

MATTHEW GREENBURGH 0.2051%

TOM PRIDAY 0.2051%

YUCCA (JERSEY) SLP 0.1745%

JOHN AYTON 0.1661%

JOHN STRUCK 0.164%

JAMES WILLS 0.1171%


B PREFERRED


BALDERTON CAPITAL V L.P. 47.4499%

RIBBIT CAPITAL III L.P. 25.3232%

CROWDCUBE NOMINEES LTD 11.748%

POINT NINE CAPITAL FUND Ill GMBH& CO KG 2.6781%

FUTURE SHAPE LLC 2.3339%

INDEX VENTURES VII (JERSEY)LP 1.2374%

DIGITAL SPACE VENTURES 1.167%

VADIM KUCHINSKIY 1.167%

IAN CHARLES HANNAM 1.167%

ASIA JUBILEE INC LTD 1.167%

MONTILLA INTERNATIONAL CORPORATION 1.167%

SEEDCAMP III LP 1.1616%

ANGELICA ANTON 0.5835%

VENREX NOMINEES LTD (ON BEHALF OF VENREX 2014 EIS FUND) 0.5771%

DENIS SENIN 0.5627%

POINT NINE CO-INVEST Ill GMBH &CO.KG 0.2326%

GEORGE HADJIGEOURGIOU 0.175%

VENREX NOMINEES LTD (ON BEHALF OF VENREX 2014 LP FUND) 0.0522%

INDEX VENTURES VII PARALLEL ENTREPRENEUR FUND (JERSEY) LP 0.0307%

YUCCA (JERSEY)SLP 0.0193%


ORDINARY


NIKOLAY STORONSKIY 88.3722%

VLADYSLAV YATSENKO 9.5312%

SEEDCAMP III LP 1.1024%

THOMAS REAY 0.9942%


Note: This is based on public information and may not take into account options, convertible debt, off balance sheet side letters, other economic rights as per the cap table, etc


cap-table

EQUITY GBP ORDINARY

FULL VOTING AND DIVIDEND RIGHTS. "PREFERRED SHARES" MEANS THE A PREFERRED SHARES AND THE B PREFERRED SHARES. ON A RETURN OF ASSETS ON A LIQUIDATION, REDUCTION OF CAPITAL, OR OTHERWISE THE ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES ("NET PROCEEDS") SHALL BE DISTRIBUTED AS FOLLOWS: (A) FIRST, TO EACH HOLDER OF PREFERRED SHARES, IN PRIORITY TO ALL OTHER SHAREHOLDERS, AN AMOUNT EQUAL TO THE SUBSCRIPTION PRICE FOR EACH PREFERRED SHARE HELD IF THE PREFERRED SHARES CONSTITUTED THE SAME CLASS OF SHARES) (OR IN THE EVENT OF THE SUB-DIVISION AND/OR REDESIGNATION OF ANY OF THE PREFERRED SHARES, THE SUBSCRIPTION PRICE ORIGINALLY PAID FOR EACH PREFERRED SHARE FROM WHICH THE SHARES ARISING ON SUCH SUB-DIVISION AND/OR REDESIGNATION DERIVE) PLUS ANY ARREARS OR ACCRUALS OF DIVIDEND (IF ANY) ON THE PREFERRED SHARES (AS THE CASE MAY BE) DUE OR DECLARED BUT UNPAID DOWN TO THE DATE OF THE RETURN OF ASSETS, PROVIDED THAT IF THERE ARE INSUFFICIENT NET PROCEEDS TO PAY SUCH AMOUNTS TO ALL HOLDERS OF PREFERRED SHARES IN FULL, THE AVAILABLE NET PROCEEDS SHALL BE DISTRIBUTED TO THE HOLDERS OF PREFERRED SHARES IN PROPORTION TO THE SUBSCRIPTION PRICE OF THE PREFERRED SHARES HELD BY THEM AND ARREARS OR ACCRUALS OF DIVIDEND DUE TO THEM RESPECTIVELY; AND (8) THEREAFTER THE BALANCE OF THE NET PROCEEDS, IF ANY, SHALL BE DISTRIBUTED TO EACH OF THE HOLDERS OF THE ORDINARY SHARES (INCLUDING, FOR THE AVOIDANCE OF DOUBT, ANY ORDINARY SHARES ARISING FROM CONVERSION OF PREFERRED SHARES) IN PROPORTION TO THE NUMBER OF ORDINARY SHARES HELD BY THEM RESPECTIVELY. NON-REDEEMABLE.

29Dec16

EQUITY GBP A PREFERRED

FULL VOTING AND DIVIDEND RIGHTS. "PREFERRED SHARES" MEANS THE A PREFERRED SHARES AND THE B PREFERRED SHARES. ON A RETURN OF ASSETS ON A LIQUIDATION, REDUCTION OF CAPITAL, OR OTHERWISE THE ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES ("NET PROCEEDS") SHALL BE DISTRIBUTED AS FOLLOWS: (A) FIRST, TO EACH HOLDER OF PREFERRED SHARES, IN PRIORITY TO ALL OTHER SHAREHOLDERS, AN AMOUNT EQUAL TO THE SUBSCRIPTION PRICE FOR EACH PREFERRED SHARE HELD IF THE PREFERRED SHARES CONSTITUTED THE SAME CLASS OF SHARES) (OR IN THE EVENT OF THE SUB-DIVISION AND/OR REDESIGNATION OF ANY OF THE PREFERRED SHARES, THE SUBSCRIPTION PRICE ORIGINALLY PAID FOR EACH PREFERRED SHARE FROM WHICH THE SHARES ARISING ON SUCH SUB-DIVISION AND/OR REDESIGNATION DERIVE) PLUS ANY ARREARS OR ACCRUALS OF DIVIDEND (IF ANY) ON THE PREFERRED SHARES (AS THE CASE MAY BE) DUE OR DECLARED BUT UNPAID DOWN TO THE DATE OF THE RETURN OF ASSETS, PROVIDED THAT IF THERE ARE INSUFFICIENT NET PROCEEDS TO PAY SUCH AMOUNTS TO ALL HOLDERS OF PREFERRED SHARES IN FULL, THE AVAILABLE NET PROCEEDS SHALL BE DISTRIBUTED TO THE HOLDERS OF PREFERRED SHARES IN PROPORTION TO THE SUBSCRIPTION PRICE OF THE PREFERRED SHARES HELD BY THEM AND ARREARS OR ACCRUALS OF DIVIDEND DUE TO THEM RESPECTIVELY; AND (8) THEREAFTER THE BALANCE OF THE NET PROCEEDS, IF ANY, SHALL BE DISTRIBUTED TO EACH OF THE HOLDERS OF THE ORDINARY SHARES (INCLUDING, FOR THE AVOIDANCE OF DOUBT, ANY ORDINARY SHARES ARISING FROM CONVERSION OF PREFERRED SHARES) IN PROPORTION TO THE NUMBER OF ORDINARY SHARES HELD BY THEM RESPECTIVELY. NON-REDEEMABLE.

29Dec16

EQUITY GBP B PREFERRED

FULL VOTING AND DIVIDEND RIGHTS. "PREFERRED SHARES" MEANS THE A PREFERRED SHARES AND THE B PREFERRED SHARES. ON A RETURN OF ASSETS ON A LIQUIDATION, REDUCTION OF CAPITAL, OR OTHERWISE THE ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES ("NET PROCEEDS") SHALL BE DISTRIBUTED AS FOLLOWS: (A) FIRST, TO EACH HOLDER OF PREFERRED SHARES, IN PRIORITY TO ALL OTHER SHAREHOLDERS, AN AMOUNT EQUAL TO THE SUBSCRIPTION PRICE FOR EACH PREFERRED SHARE HELD IF THE PREFERRED SHARES CONSTITUTED THE SAME CLASS OF SHARES) (OR IN THE EVENT OF THE SUB-DIVISION AND/OR REDESIGNATION OF ANY OF THE PREFERRED SHARES, THE SUBSCRIPTION PRICE ORIGINALLY PAID FOR EACH PREFERRED SHARE FROM WHICH THE SHARES ARISING ON SUCH SUB-DIVISION AND/OR REDESIGNATION DERIVE) PLUS ANY ARREARS OR ACCRUALS OF DIVIDEND (IF ANY) ON THE PREFERRED SHARES (AS THE CASE MAY BE) DUE OR DECLARED BUT UNPAID DOWN TO THE DATE OF THE RETURN OF ASSETS, PROVIDED THAT IF THERE ARE INSUFFICIENT NET PROCEEDS TO PAY SUCH AMOUNTS TO ALL HOLDERS OF PREFERRED SHARES IN FULL, THE AVAILABLE NET PROCEEDS SHALL BE DISTRIBUTED TO THE HOLDERS OF PREFERRED SHARES IN PROPORTION TO THE SUBSCRIPTION PRICE OF THE PREFERRED SHARES HELD BY THEM AND ARREARS OR ACCRUALS OF DIVIDEND DUE TO THEM RESPECTIVELY; AND (8) THEREAFTER THE BALANCE OF THE NET PROCEEDS, IF ANY, SHALL BE DISTRIBUTED TO EACH OF THE HOLDERS OF THE ORDINARY SHARES (INCLUDING, FOR THE AVOIDANCE OF DOUBT, ANY ORDINARY SHARES ARISING FROM CONVERSION OF PREFERRED SHARES) IN PROPORTION TO THE NUMBER OF ORDINARY SHARES HELD BY THEM RESPECTIVELY. NON-REDEEMABLE.

29Dec16

EQUITY GBP C PREFERRED

FULL VOTING AND DIVIDEND RIGHTS. "PREFERRED SHARES" MEANS THE A PREFERRED SHARES, B PREFERRED SHARES AND THE C PREFERRED SHARES. ON A RETURN OF ASSETS ON A LIQUIDATION, REDUCTION OF CAPITAL, OR OTHERWISE THE ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES ("NET PROCEEDS") SHALL BE DISTRIBUTED AS FOLLOWS: (A) FIRST, TO EACH HOLDER OF PREFERRED SHARES, IN PRIORITY TO ALL OTHER SHAREHOLDERS, AN AMOUNT EQUAL TO THE SUBSCRIPTION PRICE FOR EACH PREFERRED SHARE HELD (AS IF THE PREFERRED SHARES CONSTITUTED THE SAME CLASS OF SHARES) (OR IN THE EVENT OF THE SUB-DIVISION AND/OR REDESIGNATION OF ANY OF THE PREFERRED SHARES, THE SUBSCRIPTION PRICE ORIGINALLY PAID FOR EACH PREFERRED SHARE FROM WHICH THE SHARES ARISING ON SUCH SUB-DIVISION AND/OR REDESIGNATION DERIVE) PLUS ANY ARREARS OR ACCRUALS OF DIVIDEND (IF ANY) ON THE PREFERRED SHARES (AS THE CASE MAY BE) DUE OR DECLARED BUT UNPAID DOWN TO THE DATE OF THE RETURN OF ASSETS, PROVIDED THAT IF THERE ARE INSUFFICIENT NET PROCEEDS TO PAY SUCH AMOUNTS TO ALL HOLDERS OF PREFERRED SHARES IN FULL, THE AVAILABLE NET PROCEEDS SHALL BE DISTRIBUTED TO THE HOLDERS OF PREFERRED SHARES IN PROPORTION TO THE SUBSCRIPTION PRICE OF THE PREFERRED SHARES HELD BY THEM AND ARREARS OR ACCRUALS OF DIVIDEND DUE TO THEM RESPECTIVELY;(B)THEREAFTER THE BALANCE OF THE NET PROCEEDS, IF ANY, SHALL BE DISTRIBUTED TO EACH OF THE HOLDERS OF THE ORDINARY SHARES (INCLUDING ANY ORDINARY SHARES ARISING FROM CONVERSION OF PREFERRED SHARES UNDER ARTICLE 3.2) IN PROPORTION TO THE NUMBER OF ORDINARY SHARES HELD BY THEM RESPECTIVELY.NON-REDEEMABLE

15Dec17

people (6)

STORONSKY, Nikolay logo 1 1
STORONSKY, Nikolay
#director #founder #ceo
06Dec13
@creditsuisse

#British #34yo
YATSENKO, Vladyslav logo 1 1
YATSENKO, Vladyslav
#director #founder #cto
11Aug17
@db

#British #35yo
BRITTON, Caroline Louise logo 1 1
BRITTON, Caroline Louise
#director
08Mar19

#British #54yo
MIGNOT, Martin Benoit Antoine logo 3 4
MIGNOT, Martin Benoit Antoine
#director
11Aug17
@indexventures

#French #34yo
WATERHOUSE, Daniel David logo 6 15
WATERHOUSE, Daniel David
#director
26Sep16
@balderton

#British #47yo
OHS SECRETARIES LIMITED
#corporate-secretary
14Jun17

news

Revolut faces political pressure in second European country after Luxembourg politician raises concerns
Telegraph 05May19
British digital bank Revolut at risk of losing European banking licences
Telegraph 24Apr19
Revolut whistleblower had concerns over CEO conduct and compliance
BBC 02Apr19
Under-fire digital bank Revolut bolsters its governance
Financial Times 11Mar19
Revolut CFO resigns as company faces questions over money laundering
Telegraph 01Mar19
Revolut faces FCA probe over compliance 'failing'
Telegraph 01Mar19
Digital bank Revolut's money laundering lapse exposed
Telegraph 28Feb19
Revolut's Russian founder stirs up Lithuania's fintech debate
Financial Times 20Feb19
Revolut boss denies British digital bank has Kremlin links
Telegraph 12Feb19
Revolut's controversial Valentine's Day advert faces financial watchdog scrutiny
CityAM 08Feb19
Backlash over 'single-shaming' banking ad
BBC 04Feb19
Revolut Experiences Embarrassing App Failure that Leaves Some Customers Hanging
Crowdfund Insider 21Jan19
Revolut gets European banking license in Lithuania
TechCrunch 12Dec18
Revolut to launch in Japan and Singapore, as US expansion experiences further delays
CityAM 29Nov18
Fintech startup Revolut is in talks to raise $500m from Softbank
CityAM 12Nov18
Revolut seeks to hedge Brexit risk with Luxembourg licence
Financial Times 23Sep18
Revolut introduces a metal card
TechCrunch 22Aug18
Revolut reports suspected money laundering on its system
Financial Times 17Jul18
Poland's KNF asks British regulator for closer supervision of Revolut
Reuters 05Jul18
Digital bank Revolut to offer customers fee-free share trading
Reuters 07Jun18
Revolut to seek U.S. banking license
Reuters 04Jun18
Revolut becomes Britain's first digital bank unicorn
Reuters 26Apr18
Challenger bank Revolut brings out ‘disposable’ virtual cards to help combat payment fraud
CityAM 22Mar18
Fintech Revolut Britain's first digital bank to break even
Reuters 26Feb18
Revolut has just launched a pay-per-day travel insurance service activated by your phone's location services
CityAM 17Jan18
Revolut merges mobile banking with cryptocurrency trading
TechCrunch 05Dec17
Digital challenger bank Revolut just sailed past one million customers
CityAM 24Nov17
Digital challenger bank Revolut's applying for a European banking licence
CityAM 07Nov17
Monzo, Revolut, and other UK fintech firms went down
Business Insider 23Oct17
Fintech startup Revolut is signing up 40 new business customers every day
Business Insider 12Oct17
Revolut moves into insurance
FinExtra 27Sep17
Fintech bonanza? A third of financial technology startups expect to IPO within five years
CityAM 08Sep17
Revolut Brings Pre-Registration and Free Global Transfers to US Market
Crowdfund Insider 06Sep17
Why Revolut turned to crowdfunding to raise money
Bloomberg 05Aug17
Andy Murray backed digital bank smashes fundraising target
Financial Times 01Aug17
Revolut’s $5.3 million crowdfunding campaign is oversubscribed
TechCrunch 31Jul17
Tennis star Andy Murray among customers to pledge over $22 million in funding for bank alternative Revolut
CNBC 31Jul17
£18 Million is Pledged to Revolut on Seedrs as 40,000+ Rush to Participate in £4 Million Crowdfunding Offer
Crowdfund Insider 30Jul17
Revolut hopes to compete in retail by offering current accounts through mobile apps
Financial Times 30Jul17
Revolut secures £51.3m in funding
The Independent 12Jul17
Challenger Bank Revolut Partners with Trussle to Provide “Hassle Free” Mortgages
Crowdfund Insider 19Apr17
Revolut is raising another £4 million through crowdfunding — but this time it's going for Seedrs
Business Insider 23Mar17
Revolut launches current accounts and a chatbot
TechCrunch 09Feb17
Introducing Revolut’s Bill-Splitting Feature!
Vimeo 18Jan17
Revolut raises fees as it waits for licence
Business Insider 09Dec16
Hot fintech app Revolut stops issuing new cards as it changes licences
Crowdfund Insider 23Nov16
Revolut Reports: More Than 3,000 Companies Have Signed Up For New Business Service
Crowdfund Insider 14Sep16
Revolut breaks UK crowdfunding record with over £12 million pledged
FinExtra 13Jul16
Revolut Will Offer Shares on Crowdcube, Investors Rush to Sign Up
Crowdfund Insider 12Jul16
Fintech startup Revolut has handled $500 million on its cards in just 10 months
Business Insider 20May16
Travel money startup Revolut closes in on $14 million funding round
Business Insider 19Apr16
Interview with Revolut
You Tube 16Feb16
Revolut passes $200m in transactions; closes $4.8m Seed round
FinExtra 04Feb16
5/19/2019 1:05:26 PM

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