Europe’s fintech darling Revolut is seeking to increase a brand new funding spherical that may give it a $65 billion valuation, the Monetary Instances studies.
The UK-based firm is reportedly in talks to lift round $1 billion by issuing new shares and promoting current ones. The US-based agency Greenoaks is claimed to be main the spherical, although the deal has not been finalized, and phrases might change.
TechCrunch reported in April that the corporate noticed a 72% improve in income final 12 months, netting $1 billion in revenue. The corporate additionally noticed a spike in customers, having greater than 50 million prospects (it acquired its banking licenses to function within the UK final 12 months, and now serves over 30 international locations). Revolut was final valued at $45 billion in 2024 after promoting shares on the secondary market, and subsequently turned one of the vital helpful tech firms in Europe.
Revolut didn’t instantly reply to our request for remark.
