London-based fintech firm Revolut has secured a $75 billion valuation following a secondary share sale involving several of the world’s largest investment firms, the company said in a press release. The transaction was led by Coatue, Greenoaks, Dragoneer, and Fidelity, with participation from Andreessen Horowitz, Franklin Templeton, and NVIDIA’s venture arm, NVentures. The deal comes on the heels of strong financial results and a burst of global expansion. Revolut reported $4 billion in revenue for 2024, ...

Company Overview - Revolut has completed a secondary share sale, achieving a valuation of $75 billion, a 66% increase from the previous year, highlighting its rapid growth as Europe's most valuable fintech company [1][2] - Founded by CEO Nikolay Storonsky and CTO Vlad Yatsenko, Revolut has amassed over 65 million customers and reported a pretax profit of £1.1 billion ($1.44 billion) last year, marking a 149% increase [3] Investment and Valuation - The recent valuation positions Revolut above many publicly listed banks, including Barclays, Societe Generale, and Deutsche Bank [2] - The company's valuation has increased significantly over the years, from $33 billion in 2021 to $45 billion in 2022, and now $75 billion [3] Employee Engagement - This marks the fifth opportunity for employees to sell shares, reflecting the company's commitment to its workforce [4] Strategic Goals - The primary goal for Revolut is to obtain a full banking license in the UK, which has been a multi-year effort [5] - Revolut aims to expand its offerings to include consumer credit, mortgages, and business loans, and is considering acquiring a U.S. bank to enhance its market presence [7] Revenue Streams and Challenges - Analysts note that while Revolut's technology and brand are appealing, a significant portion of its revenue comes from cryptocurrency trading and higher interest rates [6] - The average customer deposits at Revolut are lower than those at traditional banks, and there is an acknowledgment that too few customers use Revolut as their primary account [6]

Revolut has spent months putting together the round, which cements its status as Europe’s most valuable startup https://t.co/cD9xAES3YH ...

Core Insights - HelloTrade, a blockchain trading platform founded by former BlackRock digital asset team members Kevin Tang and Wyatt Raich, has raised $4.6 million in funding [1] - The funding round was led by Dragonfly Capital, with participation from Mirana Ventures and several angel investors [1] - HelloTrade aims to simplify access for overseas users to invest in U.S. stocks and other assets, positioning itself against competitors like Robinhood and Revolut [1] - The new capital will be used to build a blockchain-based trading platform [1]

RT BSCN (@BSCNews)🚨 REVOLUT GOES BIG ON POLYGON - Banking platform @Revolut has made a big bet on @0xPolygon with its integration... Get the details herehttps://t.co/Oylx3liPvZ ...

RT BSCN (@BSCNews)🚨 REVOLUT GOES BIG ON POLYGON - Banking platform @Revolut has made a big bet on @0xPolygon with its integration... Get the details herehttps://t.co/Oylx3liPvZ ...

Polygon announced two major partnerships:One with Mastercard, which chose Polygon as the default chain for its new crypto credential system.You can basically make username-based transfers (instead of wallet addresses), which would eliminate a lot of friction.The other one with Revolut, Europe's largest fintech company, which has integrated Polygon for stablecoin payments and crypto credit cards.Both mean a lot of mainstream adoption for crypto in general and @0xPolygon in particular, bullish and excited to ...

RT BSCN (@BSCNews)🚨 REVOLUT GOES BIG ON POLYGON - Banking platform @Revolut has made a big bet on @0xPolygon with its integration... Get the details herehttps://t.co/Oylx3liPvZ ...

Partnerships & Integrations - Revolut integrates with Polygon [1] - Banking platform Revolut makes a significant investment in Polygon [1]

Lloyds is buying British fintech Curve as part of a push to widen its digital offerings and take on challenger banks such as Revolut https://t.co/Wlt7Z28pqG ...