Molten Ventures sells another stake in Revolut

(Sharecast News) - Venture capital firm said it had sold a further stake in fintech Revolut, generating proceeds of around £63m.

Molten has now realised proceeds of around £120m from its investment in the banking and investment app, delivering a multiple on invested capital of approximately 20 times.

It still holds a stake worth £110m based on the anticipated March 31 year-end valuation.

Reporting by Frank Prenesti for Sharecast.com

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