Revolut Hits $75B Valuation in Fundraise Backed by Coatue, NVIDIA, Fidelity
Summary
London-based fintech Revolut reached a $75 billion valuation after a secondary share sale involving major investors including Coatue, Greenoaks, Dragoneer, and Fidelity, with participation from NVentures (NVIDIA's venture arm).
This valuation follows strong financial performance, with Revolut reporting $4 billion in 2024 revenue (a 72% jump) and $1.4 billion in pre-tax profit. The company is also expanding globally, securing banking licenses in Mexico and Colombia, and preparing for launches in India and Latin America, serving over 65 million users worldwide.
Furthermore, Revolut is enhancing its crypto offerings, recently partnering with Polygon Labs for crypto remittances in the UK and EEA, and obtaining a Markets in Crypto Assets (MiCA) license from Cyprus, allowing it to offer crypto services across the European Economic Area.
(Source:CoinDesk)