Revolut Raises Funding at $75 Billion Valuation as Revenue Soars 72% to $4 Billion
Summary
Revolut secures new funding at a massive $75 billion valuation as the British neobank reports explosive 72% revenue growth to $4 billion and $1 billion profit, while aggressively targeting 100 million customers by 2027 in its quest to become the world's first truly global bank.
Key Points
- Revolut raises new funding in a share sale that values the British neobank at $75 billion, led by Coatue, Greenoaks, Dragoneer, and Fidelity with participation from Nvidia's NVentures and other major investors
- The fintech company reports strong financial performance with 2024 revenue rising 72% to $4 billion and net profit reaching $1 billion, while aggressively expanding internationally across multiple continents
- Revolut aims to reach 100 million customers by mid-2027 and enter over 30 new markets by 2030 as it builds toward becoming the first truly global bank serving 100 countries