Tag: Softbank Vision Fund

FinTech Pioneer Revolut Targets $40 Billion Valuation in Employee Share Sale Despite Missing Bank License!

Fintech tamir - June 21, 2024

According to a recent Financial Times report, the UK fintech giant Revolut is aiming for a valuation exceeding $40 billion in an upcoming share sale, according to insiders. This move would solidify its status as Europe’s most valuable startup. The high rating is somewhat surprising given the fact that the UK regulators have so far refused to grant Revolut the requested banking license. Its competitors, Monzo and Starling, have secured banking licensesw a few years ago already.

FinTech Crisis: SoftBank Vision Fund Records $32B Loss Due To Startups’ Valuation Reduction

FinTech Crisis Charlene Lensburg - May 12, 2023

SoftBank Vision Fund, the prominent global investor in tech startups, reported a significant loss of $32 billion for the financial year ending in March. This represents a 70% increase in losses compared to the previous year. The losses are due to valuation corrections across SoftBank's portfolio of tech companies, influenced by a weakening global economy. The fair value of its portfolio was marked down over the quarter by $2.3 billion to $138 billion.

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