Revolut reaches $75 billion valuation following completion of latest share sale
Fintech Revolut achieved a $75 billion valuation after completing a share sale led by Coatue and other major investors.Summary
Revolut announced that it has finalized a share sale led by investors including Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company, establishing a $75 billion valuation for the company. The transaction also allowed current Revolut employees to sell some of their holdings. This new valuation is a significant increase from its $45 billion valuation in 2024. Revolut's growth is supported by strong financial performance, reporting $4 billion in revenue and $1.4 billion in profit before tax in 2024, partly driven by a 298% surge in crypto trading volume and the launch of its crypto exchange platform, Revolut X. The firm's customer base has surpassed 65 million, and it continues to expand internationally, securing banking approvals in Mexico and Colombia.
(Source：The Block)