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 U.Ok.-based firm is reportedly in talks to boost 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 may change.
TechCrunch reported in April that the corporate noticed a 72% increase in revenue last year, netting $1 billion in revenue. The corporate additionally noticed a spike in customers, having greater than 50 million prospects (it obtained its banking licenses to function in the U.K. last year and now serves over 30 nations).
Revolut was final valued at $45 billion in 2024 after promoting shares on the secondary market and subsequently turned one of the helpful tech firms in Europe.
Revolut declined to remark.