Europe’s fintech darling Revolut is seeking to elevate a brand new funding spherical that may give it a $65 billion valuation, the Financial Times reports.
The UK-based firm is reportedly in talks to lift round $1 billion by issuing new shares and promoting present ones. The US-based agency Greenoaks is claimed to be main the spherical, although the deal has not been finalized, and phrases may change.
TechCrunch reported in April that the corporate noticed a 72% enhance 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 precious tech firms in Europe.
Revolut declined to remark.