Europe’s fintech sweetheart, Revolut, is on the brink of securing a new funding round that could skyrocket its valuation to a staggering $65 billion, as reported by the Financial Times.
### Seeking Growth Opportunities
The U.K.-based company is currently in discussions to raise approximately $1 billion through the issuance of new shares and the sale of existing ones. Leading the charge is U.S.-based firm Greenoaks, although the details are still being ironed out and subject to change.
### Record-Breaking Success
In a stellar performance, Revolut witnessed a 72% surge in revenue last year, raking in an impressive $1 billion in profit. Boasting a user base of over 50 million customers across 30 countries (following the acquisition of banking licenses in the U.K. last year), the company is truly making waves in the fintech industry.
### Setting Records
Having previously achieved a valuation of $45 billion in 2024 through share sales on the secondary market, Revolut has cemented its status as one of Europe’s most valuable tech companies.
Revolut remains tight-lipped about the developments, but the buzz surrounding its latest funding round speaks volumes about its continued growth and success.
