Revolut’s Valuation Hits $75 Billion Following Share Sale

Core Insights - Revolut's valuation has increased by $30 billion over the past year, reaching $75 billion from $45 billion [2][4] - The company aims to build a global bank serving 100 million customers across 100 countries, as stated by CEO Nik Storonsky [2] Funding and Investment - The recent share sale was led by Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company, with participation from notable investors like Andreessen Horowitz and Franklin Templeton [3] - NVentures, NVIDIA's venture capital arm, also invested, enhancing collaboration in AI [3] Expansion and Growth Strategy - Revolut has achieved several milestones, including obtaining banking authorization in Mexico and a banking incorporation license in Colombia, with plans to launch in India [5] - The company has expanded its U.S. presence by launching a high-yield savings account and is exploring options for securing a U.S. banking license [6] Target Demographic - Revolut is focusing on Generation Z, with research indicating that 72% of Gen Z consumers use a digital wallet weekly, and 62% would consider a neobank as their primary bank [7] - Nearly 70% of Gen Z respondents prefer managing their finances online, aligning with neobanks' digital-first approach [8]