Neobank Revolut Seeks $65b Valuation, A Year After Its $45b Deal

Europe’s fintech darling Revolut is looking to raise a caller backing information that would springiness it a $65 cardinal valuation, the Financial Times reports. 

The UK-based institution is reportedly successful talks to raise astir $1 cardinal by issuing caller shares and trading existing ones. The US-based patient Greenoaks is said to beryllium starring nan round, though nan woody has not been finalized, and position could change. 

TechCrunch reported successful April that nan institution saw a 72% summation successful gross past year, netting $1 cardinal successful profit. The institution besides saw a spike successful users, having much than 50 cardinal customers (it received its banking licenses to run in nan UK past year, and now serves complete 30 countries). 
Revolut was past weighted astatine $45 cardinal successful 2024 after trading shares connected nan secondary market, and subsequently became 1 of nan astir valuable tech companies successful Europe.

Revolut did not instantly respond to our petition for comment.