Neobank Revolut seeks $65B valuation, a year after its $45B deal

Europe’s prominent fintech company, Revolut, is reportedly pursuing a new funding round aimed at achieving a staggering $65 billion valuation. This comes just a year after the neobank secured a $45 billion valuation, marking a significant leap in its growth trajectory within the competitive financial technology landscape.

According to reports by the Financial Times, the U.K.-based financial technology powerhouse is in advanced discussions to raise approximately $1 billion. This crucial funding is expected to be secured through a combination of issuing new shares and selling existing ones. While details are still emerging, the U.S.-based firm Greenoaks is reportedly leading this pivotal round, although the deal’s terms are subject to change until finalization.

Revolut’s ambitious valuation target underscores its remarkable performance and expanding global footprint. The company experienced a substantial 72% increase in revenue last year, culminating in a reported $1 billion in profit, a testament to its robust business model and increasing market penetration. This financial success is paralleled by its impressive user growth, now serving over 50 million customers worldwide.

A key enabler of this expansion has been Revolut’s strategic acquisition of crucial banking licenses. The company secured its much-anticipated banking license in the U.K. last year, complementing its operations across more than 30 countries. This strategic move has solidified its position as a regulated and trusted financial institution, fostering further growth and user adoption across diverse markets.

The proposed $65 billion valuation represents a substantial increase from its last valuation of $45 billion in 2024, which was achieved through a secondary market share sale. At that time, Revolut had already cemented its status as one of Europe’s most valuable technology companies. This new valuation, if finalized, would further elevate its standing in the global fintech landscape, positioning it among the elite.

In response to inquiries regarding the funding round and potential valuation, Revolut has declined to comment, a common practice for companies engaged in active fundraising discussions and sensitive financial negotiations.