Revolut completes share sale, achieves $75bn in valuation

Core Insights - Revolut has completed a secondary share sale, achieving a valuation of $75 billion, which represents a 66% increase from 2024 [1] - The fundraising was led by prominent investors including Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company, with participation from firms like Andreessen Horowitz, Franklin Templeton, and T Rowe Price Associates [1][2] - NVentures, NVIDIA's venture capital arm, participated in the transaction, enhancing Revolut's collaboration with NVIDIA in artificial intelligence [2] Financial Performance - In 2024, Revolut reported a 72% increase in revenue to $4 billion, while profit before tax surged by 149% to $1.4 billion [3] - The company's growth trajectory has continued into 2025, with a global retail customer base exceeding 65 million and Revolut Business achieving $1 billion in annualized revenue [3] Strategic Developments - Key milestones for Revolut this year include obtaining final banking authorization, launching in Mexico, acquiring a banking incorporation license in Colombia, and planning a launch in India [4] - These developments are part of Revolut's strategy to position itself as a global bank across multiple continents [4] Leadership Statements - CEO Nik Storonsky emphasized the company's progress towards becoming a truly global bank, aiming to serve 100 million customers across 100 countries [5] - CFO Victor Stinga highlighted the strong investor interest and the new valuation as indicators of the company's robust business model, which is delivering rapid growth and strong profitability [5]