Mubadala, the Abu Dhabi sovereign wealth fund, is reportedly in advanced discussions to acquire a further stake worth approximately US$100 million (£78 million) in Revolut, the British digital banking and payments firm now valued at over £33 billion, according to Sky News.

The deal, if completed, would involve the purchase of existing shares from current investors and would add to a smaller stake Mubadala acquired last year in a separate secondary transaction.

Sources told the outlet that the Abu Dhabi fund remains eager to increase its holding in Revolut as opportunities arise, signalling strong confidence in the fintech’s potential to command an even higher valuation in the future.

The identities of the selling shareholders remain unconfirmed, though Sky News reported that Balderton Capital, an early backer of Revolut, has shown interest in cashing out part of its investment.

Nearly a year ago, Revolut launched a secondary share sale through which its founder and CEO, Nik Storonsky, secured a windfall worth several hundred million pounds by offloading a small portion of his stake.

Revolut’s shareholder base also includes high-profile investors such as SoftBank, Coatue, and D1 Capital Partners.

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