London-based fintech firm Revolut has secured a valuation of $75 billion in a secondary share sale involving among the world’s largest funding companies, the corporate introduced in a press launch.
The deal was led by Coatue, Greenoaks, Dragoneer and Constancy, with participation from Andreessen Horowitz, Franklin Templeton and NVIDIA’s enterprise arm NVentures.
This settlement was realized following robust monetary outcomes and explosive world growth. Revolut reported income of $4 billion in 2024, a rise of 72% 12 months over 12 months. Pre-tax income rose 149% to $1.4 billion, and the corporate introduced that its enterprise unit generates $1 billion in annual income.
Revolut added that it’s getting ready to acquire banking licenses in Mexico and Colombia in 2025 and launch operations in India and Latin America. The corporate, which has greater than 65 million customers worldwide, started working with Polygon Labs earlier this month to allow customers within the UK and EEA to ship cryptocurrencies in USDC, USDT, and POL through the Polygon blockchain and Revolut app.
The corporate acquired a Markets in Crypto Belongings (MiCA) license from Cyprus final month as its give attention to the ecosystem continues to develop. With this license, the corporate obtained regulatory permission to offer crypto companies throughout the European Financial Space, and in the identical month, the corporate launched its Crypto 2.0 platform. The platform added assist for over 280 tokens, zero-fee staking, and enabled stablecoin swaps at no cost.
Revolut didn’t present particulars on the quantity raised, however mentioned the deal will allow present workers to transform a few of their inventory holdings into money and is the corporate’s fifth liquidity occasion for workers.
