Revolut Seeks $1 Billion Funding at $65 Billion Valuation 44% Increase from Last Year

Revolut, a prominent fintech company based in London, is reportedly in discussions to secure $1 billion in new funding, with a valuation of $65 billion. This funding round is led by Greenoaks, a U.S. investment firm known for backing high-growth technology ventures. The round will involve both the issuance of new shares and the sale of existing stock.

The proposed funding represents a significant increase in Revolut's valuation, marking a 44% rise from its last known valuation of $45 billion, which was determined from a secondary share sale a year ago. This substantial jump in valuation brings Revolut closer to an internal milestone set by its CEO, Nik Storonsky. According to reports, Storonsky is eligible for a substantial compensation package if the company reaches a $150 billion valuation.

Revolut's strategic focus on faster, crypto-native payment systems aligns with a broader trend among fintech firms. The company has already begun rolling out Lightning Network payments for European users, demonstrating its commitment to integrating advanced payment technologies. This move is part of Revolut's global expansion strategy, aiming to enhance its services and reach a wider audience.

The funding round, if successful, will provide Revolut with the necessary capital to continue its aggressive growth and innovation in the fintech sector. The company's ability to attract significant investment underscores its strong market position and the confidence investors have in its future prospects. As Revolut continues to expand its offerings and user base, it is poised to play a pivotal role in shaping the future of digital finance.