Revolut in talks to raise new funding at $65bn valuation

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter.Revolut is in talks to lift new funding from buyers at a $65bn valuation, based on folks aware of the matter, in a transaction that might gas international enlargement for Europe’s most useful start-up.The UK-based monetary expertise group is in discussions to lift about $1bn of funding by way of newly issued shares and the sale of some present inventory, two of the folks stated.The US funding agency Greenoaks is in talks to guide the personal funding spherical, one individual stated, cautioning that particulars had not been finalised. Revolut performed a sale of present shares a couple of yr in the past at a $45bn valuation. The Monetary Occasions beforehand reported that Revolut chief govt Nik Storonsky was in line for an outsized compensation bundle ought to the corporate attain a $150bn valuation. Revolut and Greenoaks declined to remark.It is a growing story