Revolut has reached a remarkable valuation of $75 billion, following a recent share sale aimed at providing liquidity to its employees. This funding round was spearheaded by prominent investment firms including Coatue, Greenoaks, Fidelity, and Dragoneer, with additional backing from a16z and NVentures, Nvidia”s venture capital arm.
This share sale marks the fifth instance since the company”s inception that Revolut has offered its employees the opportunity to sell equity. The London-based fintech”s move demonstrates its commitment to not only reward its workforce but also maintain a solid capital position to fuel its growth plans. According to Revolut“s Chief Financial Officer, Mikko Salovaara, the liquidity event acknowledges the hard work of the team while providing necessary financial flexibility.
In terms of financial performance, Revolut reported a staggering 72 percent increase in revenue for 2024, amounting to $4 billion. The company”s pre-tax profit saw a remarkable rise of 149 percent, reaching $1.4 billion. This surge in performance underscores the fintech”s rapid expansion and growing popularity among users.
As of now, Revolut serves over 65 million retail customers, benefitting from international growth and an expanded range of product offerings. The business segment alone has generated $1 billion in annualized revenue, showcasing the increased adoption of its corporate financial services. The rise in demand for digital banking and crypto-related products has further contributed to Revolut“s success.
In addition to its impressive financial results, Revolut has made strides in regulatory compliance. Recently, the company secured a MiCA license from Cyprus”s financial regulator, enabling it to offer crypto services across 30 European nations. This regulatory milestone is part of Revolut“s broader strategy to provide compliant crypto products as the global regulatory landscape evolves.
Looking ahead, Revolut is preparing to expand its services further by rolling out banking operations in Mexico and Colombia, with plans to introduce its offerings in India in the near future. Although Revolut remains a private entity, reports indicate that it may explore a dual listing in London and New York as part of its eventual IPO strategy, joining the ranks of other notable crypto firms that are eyeing public listings.
Overall, Revolut“s latest valuation and financial growth highlight its position as one of the leading players in the fintech sector, as it continues to innovate and expand its service offerings in an increasingly competitive landscape.
