Revolut is in talks with Tiger Global for a $500 million stock sale

ChainCatcher news, according to Bloomberg, UK digital bank Revolut Ltd. is in talks with Tiger Global Management for a $500 million stock sale.

This will be a secondary market sale, meaning no new shares will be issued, but rather it involves employees selling existing shares. Revolut has already hired Morgan Stanley to assist with the sale, which could push Revolut's valuation above $40 billion.