Revolut Notches $75 Billion Valuation in Latest Share Sale

Core Insights - Revolut Ltd. achieved a valuation of $75 billion in its latest share sale, significantly up from $45 billion last year, indicating strong investor interest and confidence in the company's business model [1][2] - The funding round was led by prominent investors including Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company, with participation from Nvidia's venture capital arm, Andreessen Horowitz, Franklin Templeton, and T. Rowe Price [1][2] - Revolut is now recognized as Europe's most valuable startup, having allowed employees to sell shares for the fifth time, reflecting a commitment to employee engagement and liquidity [2] Business Model and Growth Strategy - Revolut operates as a digital bank offering a range of services including checking and savings accounts, international money transfers, cryptocurrency and stock trading, as well as budgeting tools [3] - The company plans to invest $13 billion to expand its customer base to 100 million globally, up from approximately 65 million currently [3] - Revolut is preparing to enter 30 new markets and is focused on obtaining regulatory authorizations, alongside efforts to secure a full banking license in the UK [4] Fundraising Details - Although the exact amount raised in the share sale was not disclosed, it was reported that the company aimed to raise about $3 billion through a combination of primary and secondary funding [5]