Neobank Revolut seeks $65B valuation, a 12 months after its $45B deal

Europe’s fintech darling Revolut is seeking to increase a brand new funding spherical that will give it a $65 billion valuation, the Monetary Occasions studies. 

The U.Okay.-based firm is reportedly in talks to boost round $1 billion by issuing new shares and promoting present ones. The U.S.-based agency Greenoaks is alleged to be main the spherical, although the deal has not been finalized, and phrases might change. 

TechCrunch reported in April that the corporate noticed a 72% improve in income final 12 months, netting $1 billion in revenue. The corporate additionally noticed a spike in customers, having greater than 50 million clients (it acquired its banking licenses to function within the U.Okay. final 12 months and now serves over 30 international locations). 

Revolut was final valued at $45 billion in 2024 after promoting shares on the secondary market and subsequently grew to become one of the crucial useful tech firms in Europe.

Revolut declined to remark.