Overview
- The transaction was led by Coatue, Greenoaks, Dragoneer and Fidelity, with participation from Andreessen Horowitz, Franklin Templeton, T. Rowe Price and Nvidia’s NVentures.
- The deal was structured as a secondary sale with no new primary capital disclosed, giving current employees a fifth opportunity to sell shares.
- Revolut reported 2024 revenue of $4 billion and profit before tax of $1.4 billion, and says its customer base has surpassed 65 million with Revolut Business at $1 billion in annualized revenue.
- Recent expansion milestones include final banking authorization in Mexico, a banking incorporation licence in Colombia and a launch in India.
- A full UK banking licence remains outstanding after provisional approval, while some longstanding investors such as Molten Ventures are trimming stakes via secondary sales.