TNW | Investors-funding
Revolut completes its $115bn share sale as it cuts AI coding bills by 90%
No new money came in: investors bought existing shares, which set the Revolut valuation. Its AI operations lead says self-hosted Chinese models now handle most of its engineers’ AI coding.
By TNW | Investors-funding
Excerpt shared by Lazyfounder
·Excerpt
Revolut has completed a secondary share sale that values the London-based fintech at $115bn, the company said on Wednesday. That is 53% more than the $75bn set by a similar sale a year earlier.
Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price, and Baillie Gifford led the…
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