Neobank Revolut seeks $65B valuation, a year after its $45B deal

Revolut, the prominent fintech company based in the UK, is reportedly seeking to raise funds that could push its valuation to an impressive $65 billion, according to a report from the Financial Times. The neobank is exploring a new financing round, aiming to secure approximately $1 billion through the issuance of new shares and the sale of existing ones. Leading the discussions for this funding round is the US investment firm Greenoaks, although the deal remains in progress and terms may evolve. Notably, TechCrunch highlighted that Revolut experienced a remarkable 72% surge in revenue last year, culminating in a net profit of $1 billion. Additionally, the company has seen substantial growth in its user base, surpassing 50 million customers. This growth follows its acquisition of banking licenses in the UK last year, enabling it to provide services across more than 30 countries. In 2024, Revolut was valued at $45 billion after facilitating share sales on the secondary market, solidifying its status as one of Europe’s most valuable tech enterprises. As of now, Revolut has chosen not to comment on the current funding discussions.