Overview

• Revolut is negotiating a private funding round to issue new shares and sell existing stock to raise about $1 billion.
• US investment firm Greenoaks is in discussions to lead the financing round, according to people familiar with the matter.
• The targeted valuation of $65 billion marks a substantial increase from the $45 billion secondary market valuation secured in 2024.
• In April, Revolut reported a pretax profit of £1.1 billion for 2024, more than doubling its earnings from the previous year.
• The company serves over 50 million customers across more than 30 countries and plans to begin full UK banking operations in 2025.