Revolut is aiming to raise around $1 billion in a new funding round, seeking a valuation of $65 billion. Greenoaks, a US firm, is reportedly leading this funding effort, although terms are not finalized. Last year, Revolut experienced a 72% increase in revenue, resulting in a $1 billion profit and surpassing 50 million customers. The company, based in the UK, received banking licenses in the UK and now operates in over 30 countries. Previously, it was valued at $45 billion in 2024 after conducting shares sales on the secondary market.
Revolut is seeking to raise approximately $1 billion by issuing new shares and selling existing ones, aiming for a $65 billion valuation.
The company reported a 72% revenue increase last year, generating $1 billion in profit and exceeding 50 million customers.
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