New updates have been reported about Revolut (PC:RVOLU)
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Revolut, the prominent U.K.-based fintech company, is reportedly in discussions to secure a new funding round aimed at elevating its valuation to $65 billion. According to the Financial Times, the company plans to raise approximately $1 billion by issuing new shares and selling existing ones, with U.S.-based investment firm Greenoaks leading the round. While the deal’s specifics are still under negotiation, this move signals Revolut’s ambition to strengthen its financial position and expand its market presence.
The company has experienced significant growth, with a 72% increase in revenue last year, resulting in $1 billion in profit. Revolut’s user base has also surged, now boasting over 50 million customers across more than 30 countries, following the acquisition of banking licenses in the U.K. in the previous year. Previously valued at $45 billion in 2024, Revolut’s potential new valuation would further cement its status as one of Europe’s most valuable tech companies. Despite the ongoing talks, Revolut has declined to comment on the developments. This strategic funding initiative could have substantial implications for the company’s future growth trajectory and its stakeholders.