Revolut targets $65 billion valuation in new funding round
Revolut, one of Europe’s leading fintech firms, is reportedly seeking a new funding round that could push its valuation to an impressive $65 billion, according to a recent report from the Financial Times. The London-based company is said to be in advanced discussions to raise approximately $1 billion through a combination of new share issuance and the sale of existing shares.
Greenoaks, a U.S.-based investment firm, is reportedly leading the round. While discussions are ongoing and the deal has yet to be finalized, the potential valuation would represent a significant leap from Revolut’s last reported figure. In 2024, the company was valued at $45 billion following a secondary share sale, establishing itself as one of Europe’s most valuable tech companies.
The interest in Revolut comes on the back of strong financial performance and rapid user growth. Earlier this year, TechCrunch reported that Revolut posted a 72% increase in revenue in 2024, translating into $1 billion in net profit. Its customer base has also expanded significantly, surpassing 50 million users globally. The company secured a banking license in the U.K. last year and now operates in more than 30 countries, positioning itself as a major player in global fintech.
A successful funding round would not only solidify Revolut’s position as Europe’s fintech frontrunner but also mark one of the largest fundraising efforts in the sector this year. It reflects continued investor confidence in the company’s business model, which spans banking, payments, cryptocurrency trading, and other financial services.
If finalized, the deal could serve as a bellwether for the broader fintech industry, signaling renewed appetite for growth-stage investments in the European tech ecosystem.
