London-based fintech firm Revolut has secured a valuation of $75 billion in a secondary share sale involving a number of the world’s largest funding corporations, 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 sturdy monetary outcomes and explosive international growth. Revolut reported income of $4 billion in 2024, a rise of 72% 12 months over 12 months. Pre-tax earnings rose 149% to $1.4 billion, and the corporate introduced that its enterprise items generate $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 by way of the Polygon blockchain and Revolut app.
As the corporate continues to extend its deal with the ecosystem, it acquired a Markets in Crypto Belongings (MiCA) license from Cyprus final month. With this license, the corporate obtained regulatory permission to supply crypto providers throughout the European Financial Space, and in the identical month, the corporate launched its Crypto 2.0 platform. The platform added help for over 280 tokens, zero-fee staking, and enabled stablecoin swaps free of charge.
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.
