Sifted - Revolut vs ex-employees 🥊

View this email in your browser
Hi Sifted Reader,

Uh oh, Revolut's in trouble with its earliest ex-employees; they've been told they'll be charged to sell their shares in an upcoming secondary sale, while current employees won't have to pay a penny. More on that situation below, and:
  • Beams, the new hot social audio app
  • Why great technological change comes with great responsibility
  • Amazon aggregators; risky business?


SCOOP: Revolut faces backlash from ex-employees after charging “extortionate” fee to cash in shares

The $33bn fintech is in a spat with some of its earliest employees over how they convert their equity into cash.

Revolut alumni have been informed they'll face a 2.75% charge on an upcoming sale of their shares, while Revolut's current employees will be able to sell their shares for free.

Ex-employees tell Sifted they feel short-changed, and are demanding transparency about where that fee will go.

Isabel Woodford has the juicy details.

\Our latest report

Who’s leading the ecommerce boom?

Consumer habits aren’t changing. They have changed — and during the pandemic, they decisively skewed towards online shopping. But which startups are well placed to take advantage of that?

Find out here.


Founders, you're about to change the world. Don't mess it up.

Computing, biology, new energy technologies and novel manufacturing techniques are improving at exponential rates — and will soon transform sectors of our economy.

That, thinks writer and podcaster Azeem Azhar, could get pretty messy. 

Here's why.

\For Members Consumer 

Meet Beams: the latest hot social audio app 

Forget Clubhouse, it's all about Beams now.

The app, which lets users record themselves speaking on a particular theme and then invite others to weigh in on the discussion — asynchronously — has seen impressive growth. It's stacked up 10k monthly users and landed $3m in funding. 

Is this the next big thing in the creator economy? Miriam Partington finds out.

If you're not yet a Sifted member, subscribe here for as little as £19 per month.

\Sponsored by Accenture Fintech Innovation Lab

How to connect with leading financial institutions and mentors

Accenture’s Fintech Innovation Lab provides top fintechs with insights and industry contacts they need to scale — helping them achieve 12 months of business development in just 12 weeks.

Learn more and apply here.

Sifted Suggests

🤔 Amazon aggregators; risky business? A troop of companies that acquire small businesses selling on Amazon have seen huge investor interest in Europe recently ($1.1bn worth of funding went into Europe’s aggregators in a single day earlier this month.) There is, however, a riskier side to this game, writes the FT’s John Thornhill.

🕵️ Employee surveillance. 18 months since the beginning of the pandemic, working from home lives on. As a result, surveillance software companies — which keep tabs on home office employees — have seen increased demand. Will work from home monitoring become commonplace in the long run? The Guardian reports.

🤑 Megadeals, what’s happening? Megadeals — deals valued at £50m or more — have become increasingly frequent in the UK. In 2011, just five deals were above that threshold. Fast forward to 2021, and we’ve already seen 51 in the first six months of the year. Where are investors splashing their cash? This new Beauhurst report digs in.


How's your impact startup doing?

Sifted, in partnership with the BMW Foundation, wants to hear how impact startups — by which we mean companies committed to making a positive social and environmental impact alongside financial returns — are faring in Europe.

If you're a founder or investor, please take our five-minute survey here. Thanks!

Events [digital only]

The golden embedded finance opportunity | Online | September 30
Embedded finance is predicted to hit $3.6tn by 2030 — so how can your startup get in on the action? In our next Sifted Talks, we’ll ask experts from the likes of OpenPayd and Spryker.

Changing the players, not the game: How emerging investors use their money | September 16
If you're heading to TechBBQ in Copenhagen this week, catch our deputy editor Amy onstage at 1.55pm on Thursday. She'll be talking to Nora Bavey and Thea Messel from Unconventional Ventures, along with Gulnaz Khusainova from Atomico's Angel Programme, about how a new generation of VCs are raising and investing their money differently from the old guard.

Sifted Opinion

Founders, your Medium posts are rubbish. You can do better.
Why every healthtech should hire a doctor
How to build a personal brand as a nobody in a startup ecosystem
Why I became a boomerang employee
Post-Brexit immigration: mission accomplished?
Amy Lewin
Deputy Editor

Get in touch with her at
Or tweeting @amyrlewin
Connor Bilboe
Editorial Assistant 

Get in touch with him at
He likes sustainability stories.
What would you like to read about in the next email?
Send us your suggestions
Follow us on social
Copyright © 2021 SIFTED (EU) LTD, All rights reserved.
You are receiving this email because you opted in to our newsletters

Our mailing address is:
Huckletree Shoreditch
18 Finsbury Square
London, EC2A 1AH
United Kingdom

Add us to your address book

Want to tailor what you receive from us?
You can update your preferences to manage your newsletter and report subscriptions, or you can unsubscribe from Sifted if you never want to hear from us again.


Older messages

Meet the YC-backed European fintechs 💸

Friday, September 10, 2021

Tiger Global moves into European BNPL | Quantum-as-a-service | YC's chosen European fintechs View this email in your browser Hi Sifted Reader, In today's newsletter, we look at the rise of

Meet the UK's first unicorn with a Black founder 🙌

Wednesday, September 8, 2021

Marshmallow hits a $1bn+ valuation | PetMedix raises £27m Series B | 14 corporate seed-stage investors you need to know View this email in your browser Hi there Sifted Reader, Today marks a new

Who's the worst startup CEO? 👎

Monday, September 6, 2021

Toxic startup workplaces | Ontario Teachers' Pension Plan ups its European presence | Building your personal brand View this email in your browser Hi Sifted Reader, Today we're taking our first

Getting back with an ex (employer) 🧑‍🤝‍🧑

Friday, September 3, 2021

August's hottest seed rounds | Meet AI beauty brand Yuty View this email in your browser Hi Sifted Reader, It's been a crazy week for the Amazon aggregator industry — with $1bn worth of funding

VanMoof's wheel of fortune 🚴‍♀️

Wednesday, September 1, 2021

VanMoof raises $128m | Wealthtechs to watch | UK's tech talent immigration issues View this email in your browser Hi Sifted Reader, To those of you who want to offset your summer spending spree,

☕Mammoth moonshot

Monday, September 13, 2021

A biotech startup raised $15 million to bring back the mammoth. September 13, 2021 Emerging Tech Brew TOGETHER WITH JobsOhio Happy first day of the week. Over the weekend, I (Dan) rewatched the

[SaaS Club] Help me produce episode 300!

Monday, September 27, 2021

Hey, this is Omer... I'll be publishing episode 300 of The SaaS Podcast next month! And I want to do something different. I want to tell your story. So if listening to my podcast has helped you

How to Build a Top of Funnel Test on Twitter

Monday, September 27, 2021

Community Curated Content and the Latest in the World of Growth! Sign up for GrowthHackers Conference Confirmed Speakers Ilya Izrailevsky Sr. Engineering Manager at Robinhood Ilya Izrailevsky Sr.

🌴 A six-figure remote work opportunity

Monday, September 27, 2021

This is going to change someone's life... - Right now we're witnessing one of the greatest shifts we've ever seen online. A shift which even before all the global changes happening recently

Startup Digest Reading List - Understanding Startup Compensation, BNPL Growth, Asymmetric Upside

Monday, September 27, 2021

Two quick personal updates We had a very successful launch of Playground Waves and was listed across Startup Digest Reading List Issue #173 — View online — Suggest a link Startup Digest Reading List A

The IMPACT Conference on the Modern Data Stack

Monday, September 27, 2021

Tomasz Tunguz Venture Capitalist at Redpoint If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here.​ ​The IMPACT Conference on the Modern Data Stack​ The

Today's startups in 10 words

Monday, September 27, 2021

Do you want to reach 1500+ developers, designers, investors, and entrepreneurs & support 10words? Check out our new sponsorship options. Discover new apps and startups in 10 words or

🐦 Twitter

Monday, September 27, 2021

How Twitter got its first 1000 users ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Three lessons from a year of weekly writing

Monday, September 27, 2021

Tomorrow is the one-year birthday of Silicon Valley Outsider! ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

[Inverted Passion] All new products compete with Instagram for attention

Monday, September 27, 2021

Here's a new post on All new products compete with Instagram for attention By Paras Chopra on Sep 26, 2021 02:17 am You get pitched by other companies all the time. It's

French funding goes bonkers 🤪

Monday, September 27, 2021

Managing risk at a fintech | We're hiring… loads! | Construction: built to last? View this email in your browser Hi Sifted Reader, Turkey's startup ecosystem is having a smashing year, thanks