Revolut is reportedly seeking to secure a new funding round that could elevate its valuation to $65 billion, as indicated by the Financial Times.
The fintech giant is in discussions to raise approximately $1 billion through a combination of new share issuances and the sale of existing shares. Greenoaks, a US-based firm, is leading these negotiations; however, the agreement has yet to be finalized, and terms may still evolve.
In its recent financial report, Revolut announced impressive growth for the fiscal year 2024, with pre-tax profits reaching $1.4 billion and net profits hitting $1 billion. Previously, the company was valued at $45 billion in 2024 following a secondary market share sale.
Additionally, the firm is currently facing scrutiny regarding its pursuit of a full UK banking license. Concerns have arisen over whether it will meet a crucial deadline for the interim phase of this process, which is set for July 25. Insiders suggest that delays could impede the granting of a full banking license, raising further questions about the firm’s trajectory.