▼ Summary
– Revolut raised new funding at a $75 billion valuation, making it one of Europe’s most valuable private tech companies.
– The funding round was led by Coatue, Greenoaks, Dragoneer, and Fidelity, with participation from other major investors.
– The company offers multi-currency accounts, payments, crypto products, and insurance, and is expanding internationally with licenses in the EU, Australia, Japan, and other countries.
– Revolut’s revenue grew 72% to $4 billion in 2024, with a net profit of $1 billion, and its Wealth division saw crypto revenue surge 298%.
– The company aims to reach 100 million customers by mid-2027 and expand into over 30 new markets by 2030.
In a landmark funding round, the financial technology firm Revolut has achieved a staggering $75 billion valuation, cementing its position as a dominant force in Europe’s private technology sector. This valuation places the British neobank among the continent’s most valuable privately held tech enterprises, underscoring its rapid ascent and investor confidence.
Leading the investment were prominent firms Coatue, Greenoaks, Dragoneer, and Fidelity. They were joined by a consortium of other backers, including Nvidia’s NVentures, Andreessen Horowitz, Franklin Templeton, and investors guided by T. Rowe Price Associates. While Revolut has not disclosed the exact amount raised in this share sale, it confirmed that the arrangement provided an opportunity for employees to liquidate some of their holdings. According to data from PitchBook, the company’s valuation stood at $48 billion post-money as of August 2025, with total venture capital raised reaching $2.89 billion.
Since its founding in 2015, Revolut has expanded its offerings to include a comprehensive suite of financial services. These range from multi-currency accounts and international payment solutions to cryptocurrency products and insurance. The fresh capital infusion arrives as the company aggressively channels resources into broadening its international footprint.
Beyond its home market in the United Kingdom, where Revolut is still awaiting final regulatory approval to operate as a full-service bank, the company holds a banking license in the European Union. Its operational presence extends to Australia, Japan, New Zealand, Singapore, Brazil, and the United States. More recently, Revolut commenced operations in India during October and is scheduled to launch in Colombia by 2026. It has also secured a banking license in Mexico.
Looking ahead, the neobank has outlined ambitious expansion plans targeting Argentina and Africa, beginning with South Africa. Additionally, it has obtained an in-principle payments license in the United Arab Emirates, signaling its intent to deepen its involvement in the Middle East.
Financially, Revolut has demonstrated impressive performance. In 2024, the company’s revenue surged by 72% to reach $4 billion, and it has since announced achieving $1 billion in annualized revenue for the current year. Its latest annual report highlighted a net profit of $1 billion (£790 million) for 2024. A significant contributor to this growth has been its Wealth division, particularly the recently launched Revolut X crypto exchange. Revenue from this segment skyrocketed by 298%, climbing from $158 million in 2023 to $647 million in 2024.
The company’s strategic objectives are equally bold. Revolut aims to serve 100 million customers by the middle of 2027 and plans to enter more than 30 new markets before 2030.
Reflecting on this achievement, Nik Storonsky, CEO and co-founder of Revolut, stated, “This milestone reflects the remarkable progress we have made in the last twelve months towards our vision of building the first truly global bank, serving 100 million customers across 100 countries.”
(Source: TechCrunch)
