Emerging bank Revolut has completed a round of share sales, with the company's valuation reaching $75 billion, making it one of the most valuable fintech companies in the world.
This round of financing was led by investment firms Coatue, Greenoaks, Fidelity, and Dragoneer, with additional support from a16z, Franklin Templeton, and T. Rowe Price. NVIDIA's venture capital arm, NVentures, also participated.
The company announced on Monday that employees would be able to sell shares in this transaction, marking Revolut's fifth opportunity for employee liquidity through its employee share program.
Revolut, a London-based fintech company founded in 2015, offers digital banking services and allows customers to buy, sell, and hold cryptocurrencies through its app. This announcement comes a year after Revolut's global expansion, during which the company obtained banking licenses in Mexico and Colombia and is preparing to launch services in India.
The company reported a 72% increase in revenue to $4 billion in 2024, with pre-tax profits soaring 149% to $1.4 billion. Revolut also stated that by 2025, the number of retail customers would exceed 65 million, and its corporate division achieved an annualized revenue of $1 billion.
Since obtaining a crypto asset market (MiCA) license from the Cyprus Securities Regulator in October, Revolut has been able to offer regulated crypto services in all 30 countries of the European Economic Area.
A report from The Times in September indicated that the company is considering a dual listing in London and New York.
The wave of crypto company listings is expected to continue in 2025, with more companies anticipated to go public in 2026.
In June, Circle entered the public market, with the USDC stablecoin issuer listing on the New York Stock Exchange. By September, blockchain company Figure and crypto exchange Gemini had also gone public, both making their debut on Nasdaq within days of each other.
Several crypto companies are also considering IPOs in the near future. In September, crypto exchange Bitgo submitted an IPO application in the U.S., followed by Kraken's application in November. Digital asset management firm Grayscale also announced plans to list on the NYSE.
Related: Reports indicate that as the Thai market falls to a five-year low, Bitkub exchange is considering an IPO in Hong Kong.
Original: “Revolut's Valuation Reaches $75 Billion After Share Sale, Advancing Global Expansion”
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