James Richardson
Revolut announced on Monday that it has completed a major share sale backed by Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company, bringing the companyโs valuation to an impressive $75 billion. Additional participation came from NVIDIAโs NVentures, Andreessen Horowitz, Franklin Templeton, and funds advised by T. Rowe Price Associates.
The transaction also included an option for current employees to sell a portion of their shares โ marking the fifth time Revolut has offered liquidity opportunities to its staff.
From Fintech Challenger to Global Financial Super App
Launched in London in 2015, Revolut began as a disruptive fintech providing low-cost foreign exchange and travel payments. It has since evolved into a global financial platform offering banking, investing, and cryptocurrency services to millions of users.
Revolutโs new valuation represents a sharp rise from its $45 billion mark in 2024 during its previous secondary share sale. The companyโs past fundraising rounds include
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$250 million in 2018 at a $1.7 billion valuation
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$800 million in 2021 in a Series E led by SoftBank and Tiger Global, valuing the company at roughly $33 billion
Revolut did not specify how large the latest sale was. However, Bloomberg reported in October that the company was evaluating up to $3 billion in combined primary and secondary fundraising.
Financial Growth Fueled by Rising Crypto Activity
Revolutโs soaring valuation is underpinned by strong financial momentum. In 2024, the company posted:
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72% revenue growth, reaching $4 billion
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149% profit-before-tax increase, hitting $1.4 billion
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298% year-over-year surge in crypto trading revenue, climbing to $647 million
Much of this acceleration came after the launch of Revolut X, the companyโs dedicated crypto exchange, which rolled out across 30 European markets following its May 2024 debut.
Revolut says its customer base has now surpassed 65 million users worldwide, with further international expansion underway. The firm recently secured banking approvals in Mexico and Colombia and is preparing for a major rollout in India.
โThe level of investor interest and our new valuation reflect the strength of our business model, which is delivering both rapid growth and strong profitability,โ said Revolut CFO Victor Stinga.
