Co-founder and chief executive of Revolut Nik Storonsky has reportedly landed a £350 million windfall following the sale of shares in the British neobank.

According to a report by Sky News, the move came after the FinTech expanded a deal that enables investors to offload some of their holdings.

The news website revealed that as part of a secondary share sale, the billionaire sold upwards of £330 million of Revolut stock. The move represents one of the biggest by a European FinTech in recent years, it said.

Sources told the publication that once the share sale closes, final proceeds to the chief executive could increase further.

The London-based company, recently valued at $45 billion, experienced rapid growth in 2024, adding more than 10 million customers and becoming the most downloaded financial app across Europe.

In November, the neobank reached 50 million customers globally and secured a long-awaited UK banking licence from the Financial Conduct Authority.

The company recently outlined its vision for 2025, including plans for an AI assistant, mortgages, and ATMs.

Revolut is also launching a digital mortgage product in Lithuania which aims to issue instant approval in principle and a final offer in one business day, subject to an assessment of assets.

Following its successful banking licence in the UK, Revolut submitted an application to become a registered bank in New Zealand.

If approved, Revolut will become the first global digital bank in the country, it said.

The challenger said that the move would provide essential financial services to a market that has “long been underserved” by traditional banks.

Since launching in New Zealand last year, Revolut has processed NZ$350M in transactions.

The company has also rolled out 18 products and features over the past 17 months, including spending limit notifications, split bills alongside transaction accounts, and FX rates.

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