Europe’s fintech darling Revolut is trying to elevate a brand new funding spherical that may give it a $65 billion valuation, the Monetary Occasions studies.
The U.Ok.-based firm is reportedly in talks to lift round $1 billion by issuing new shares and promoting present ones. The U.S.-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% enhance in income final yr, netting $1 billion in revenue. The corporate additionally noticed a spike in customers, having greater than 50 million clients (it acquired its banking licenses to function within the U.Ok. final yr 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 precious tech corporations in Europe.
Revolut declined to remark.
