techcrunch.com
Revolut, the British neobank, has secured new funding in a share sale valuing it at $75 billion, making it one of Europe’s most valuable private tech companies. The deal, led by Coatue, Greenoaks, and Fidelity, allowed employees to cash out. Revolut, founded in 2015, offers diverse financial services and is using the funds to expand internationally. It has a banking license in the EU and operates in several countries, with plans to launch in new markets, including Africa and South America. Revolut’s revenue surged 72% to $4 billion in 2024, with a reported net profit of $1 billion and aims to reach 100 million customers by mid-2027.
