News Summary

Revolut, the British neobank, has reached a valuation of $75 billion following a recent share sale. This makes Revolut one of Europe’s most valuable private tech companies. The funding round was led by Coatue, Greenoaks, Dragoneer, and Fidelity, with participation from investors like Nvidia’s NVentures, Andreessen Horowitz, and Franklin Templeton. Founded in 2015, Revolut offers services such as multi-currency accounts, payment services, crypto products, and insurance. The company has expanded its operations internationally and holds banking licenses in the European Union and other countries including Australia, Japan, and the U.S. In 2024, Revolut’s revenue grew by 72% to $4 billion, and it reported a net profit of $1 billion. The company is aiming to reach 100 million customers by 2027 and enter over 30 new markets by 2030.