Revolut share sale values fintech at $116b
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The news: Fintech Revolut has completed a share sale that values the company at USD75 billion ($116 billion), with investments drawn from Nvidia’s venture capital arm NVentures and Andreessen Horowitz, among others.
The numbers: The fintech is not disclosing the total size of the share sale.
Revolut said the raise would help build on existing business momentum, having seen its revenue grow 72% to USD4 billion in 2024 and profit before tax up 149% to $1.4 billion.
The company has also surpassed more than 65 million customers worldwide and recently received banking authorisations in Mexico and Colombia.
The context: The latest investment round was led by Coatue, Greenoaks, Dragoneer and Fidelity Management & Research Company. Other participating investors included Franklin Templeton and T. Rowe Price Associates Inc.
Employees were also given the opportunity to sell shares they had accrued, which marks Revout’s fifth employee share sale.
What they said: “This milestone reflects the remarkable progress we have made in the last twelve months towards our vision of building the first truly global bank, serving 100 million customers across 100 countries,” Revolut CEO and co-founder Nik Storonsky said.
“I’d like to thank our team for their determination and energy, and for believing that it is possible to build a global financial and technology leader from Europe.”
The source: Revolut media release
