Revolut Sights Set on Staggering $65 Billion Valuation in Next Funding Round

Revolut, the pioneering digital bank based in London, is said to be in advanced discussions concerning their plans to raise around $1 billion in both primary and secondary funding. According to sources, this ambitious endeavour, if proved successful, could potentially catapult the bank’s valuation to a staggering $65 billion, with respected US investor Greenoaks leading the conversations to spearhead this round of funding.

Further investment may arrive from the Abu Dhabi powerhouse, Mubadala, who are reportedly interested in acquiring a $100 million stake in Revolut through a secondary share sale. This comes after the bank’s last round of funding in August which reportedly pushed the company’s valuation to an impressive $45 billion, thanks to a secondary share sale led by Coatue, D1 Capital Partners and Tiger Global.

These latest discussions mark the second time in under a year that Revolut has sought such a deal. Already Europe’s most valuable VC-backed company, Revolut’s revenues surged by an impressive 72% to $4 billion, with a pre-tax profit of $1.4 billion reported in its 2024 annual report.

Strengthening its foothold in Europe after earning its banking license in the UK last year, the fintech firm has set up a new Western Europe headquarters in France, and is in the process of applying for a license there too. In addition, sources indicate the company is redoubling its efforts to secure a license in the promising US market. Given this persistent push for growth and expansion, it would seem the sky is the limit for Revolut and its charismatic Founder and CEO Nik Storonsky.