Revolut, the London-based fintech behind one of the world’s most popular digital banking apps, is close to completing a $3 billion fundraising round valuing the company at around $75 billion. The round, which Revolut managed without bankers, was oversubscribed, according to people familiar with the deal.
The transaction combines new funding with a secondary share sale, offering liquidity to early backers and employees. It follows a tconcludeer offer in August when Revolut repurchased shares at a $45 billion valuation, with some of those shares now being resold to new investors at the higher price.
Founded in 2015 by Nik Storonsky and CTO Vlad Yatsenko, Revolut has grown into a global financial superapp, offering checking and savings accounts, stock and crypto trading, bill payments, budreceive tools, and international money transfers. It currently serves about 65 million customers, adding roughly one million every 17 days.
The new capital will fund Revolut’s next growth stage as it tarreceives enattempt into 30 additional markets and invests about $13 billion to reach 100 million utilizers. The company’s focus remains on securing full banking licenses in each counattempt, or acquiring banks directly when quicker to expand its regulated footprint.
Revolut’s valuation has climbed nearly two-thirds in a year, reflecting sustained investor confidence in large-scale digital finance platforms. Indusattempt reports suggest the company’s long-term tarreceives could push its valuation toward $150 billion, placing it just behind HSBC among Europe’s hugegest banks.
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