▼ Summary
– Revolut is seeking a new funding round that could value the company at $65 billion, according to the Financial Times.
– The U.K.-based fintech firm plans to raise around $1 billion through new share issuance and sales of existing shares.
– U.S. firm Greenoaks is reportedly leading the funding round, though the deal is not yet finalized and terms may change.
– Revolut’s revenue grew 72% last year, reaching $1 billion in profit, and it now has over 50 million customers across 30+ countries.
– The company was last valued at $45 billion in 2024 after secondary market share sales, making it one of Europe’s most valuable tech firms.
Revolut is reportedly eyeing a staggering $65 billion valuation in its latest funding round, marking a significant leap from its previous $45 billion valuation last year. According to sources, the London-based fintech giant is in advanced discussions to secure approximately $1 billion through a mix of new share issuance and secondary sales.
Greenoaks, a prominent U.S. investment firm, is rumored to be spearheading the round, though details remain fluid as negotiations continue. This potential funding surge follows a stellar financial performance in 2023, where Revolut’s revenue skyrocketed by 72%, crossing the $1 billion profit threshold.
The company’s rapid expansion has been nothing short of impressive. With over 50 million users worldwide, Revolut solidified its position as a major player after securing a U.K. banking license last year. Its services now span more than 30 countries, fueling both customer growth and investor confidence.
While Revolut has remained tight-lipped about the ongoing discussions, its trajectory suggests ambitious plans ahead. If successful, this funding round could cement its status as one of Europe’s most valuable tech enterprises, further disrupting the traditional banking sector.
(Source: TechCrunch)
