London-based fintech company Revolut has secured a valuation of $75 billion following a secondary share sale involving several of the world’s largest investment firms, the company announced in a press release.
The transaction was led by Coatue, Greenoaks, Dragoneer and Fidelity, with participation from Andreessen Horowitz, Franklin Templeton and NVIDIA’s venture arm, NVentures.
The deal comes on the heels of strong financial results and a burst of global expansion. Revolut reported $4 billion in revenue for 2024, up 72% from the previous year. Pre-tax profit rose 149% to $1.4 billion, and the company says its line of business now generates $1 billion in annual revenue.
By 2025, Revolut secured banking licenses in Mexico and Colombia and is preparing launches in India and Latin America, it added. The firm, with over 65 million users around the world, began working with Polygon Labs earlier this month to enable its UK and EEA users to make crypto transfers in USDC, USDT and POL via the Polygon blockchain and the Revolut app.
The firm received a Markets in Crypto Assets (MiCA) license from Cyprus last month as its focus on the ecosystem has continued to grow. The license gave it regulatory approval to offer crypto services across the European Economic Area, and the same month it launched its Crypto 2.0 platform. The platform added support for more than 280 tokens, fee-free staking and enabled stablecoin swaps at no cost.
Revolut did not detail how much was raised, but said the deal allowed current employees to cash out some of their shares, marking the fifth such liquidity event for staff.
