Revolut Achieves $75 Billion Valuation with Major Investment Firms
- Revolut’s valuation reached $75 billion after a secondary share sale led by Coatue, Greenoaks, Dragoneer, and Fidelity.
- The company reported $4 billion in revenue for the year, marking a 72% increase from the previous year.
- Pre-tax profit surged 149% to $1.4 billion, with its business arm generating $1 billion in annualized revenue.
- Revolut has over 65 million users globally and plans expansion into India and Latin America.
- The firm recently launched its Crypto 2.0 platform, supporting over 280 tokens and offering zero-fee staking.
This funding round allowed employees to cash out some shares, marking the fifth liquidity event for staff as Revolut continues to expand its services in the cryptocurrency space following the acquisition of a Markets in Crypto Assets (MiCA) license from Cyprus.
With a reported revenue increase of 72%, Revolut’s growth trajectory highlights its significant impact on the fintech landscape and its commitment to enhancing crypto services across Europe.(Source)
