Chang is seeking to raise the new funds in exchange for future access to tokens, according to people familiar with the matter, who asked for anonymity because the matter is private. He has already invested millions of dollars himself, one of the people said.
“After almost 7 years, Alan Chang will be leaving Revolut,” a spokesperson for the firm said. “We wish him every success in his new venture.”
Chang didn’t respond to requests for comment.
Chang, who was a key member of Revolut’s leadership team and the company’s fifth employee, is leaving one of Europe’s best-known startups. Revolut last raised funds at a $33 billion valuation including from SoftBank Group Corp.’s Vision Fund 2 and Tiger Global Management in July.
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