Neobank Revolut Boosts Valuation to $75 Billion Ahead of Potential Stablecoin Launch

Core Insights - Revolut has completed a share sale that values the company at $75 billion, with major investors participating in the transaction [1][2] - The company reported a significant increase in financial performance, with revenue rising 72% to $4 billion and profit before tax increasing 149% to $1.4 billion in 2024 [3] - Revolut's retail customer base has surpassed 65 million, and its business segment has reached $1 billion in annualized revenue [3] Investment and Growth - The share sale included an employee stock offering, marking the fifth opportunity for employees to participate in the company's growth [2] - The strong investor interest and new valuation reflect the robustness of Revolut's business model, which is characterized by rapid growth and strong profitability [4] - The company has been expanding its crypto trading services since 2017 and recently secured a Markets in Crypto-Assets (MiCA) license from Cyprus [4][5] Future Plans - There are indications that Revolut may be considering launching its own stablecoin, as the company remains committed to expanding its crypto services [5][6] - The company aims to become a trusted provider of crypto asset services in the UK and EEA, with a focus on compliance [6]