New updates have been reported about Revolut (PC:RVOLU)
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Revolut, the British neobank, has achieved a significant milestone with its latest funding round, which values the company at $75 billion. This valuation positions Revolut as one of Europe’s most valuable private tech entities. The funding round was led by prominent investors including Coatue, Greenoaks, Dragoneer, and Fidelity, with participation from NVentures, Andreessen Horowitz, Franklin Templeton, and others advised by T. Rowe Price Associates. While the exact amount raised was not disclosed, the company allowed employees to cash out, indicating a strong financial position. As of August 2025, Revolut had a post-money valuation of $48 billion and has accumulated $2.89 billion in venture capital funding, according to PitchBook data.
Founded in 2015, Revolut offers a diverse range of financial services, including multi-currency accounts, payment and transfer services, and crypto products. The company is aggressively expanding its international footprint, with operations in the European Union, Australia, Japan, New Zealand, Singapore, Brazil, and the U.S. It recently launched in India and is set to enter Colombia in 2026, with a banking license secured in Mexico. Future plans include launching in Argentina, entering Africa starting with South Africa, and obtaining a payments license in the UAE. Financially, Revolut reported a 72% increase in revenue to $4 billion in 2024, with a net profit of $1 billion. Its Wealth division’s crypto exchange, Revolut X, saw a revenue surge of 298% in 2024. CEO Nik Storonsky highlighted the company’s ambition to serve 100 million customers across 100 countries by mid-2027, reflecting its vision of becoming a global banking leader.
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