Latest news with #Greenoaks
Finextra
10-07-2025
- Business
- Finextra
Revolut to seek $65 billion valuation in new funding round
Revolut is looking to raise a new funding round that would give it a $65 billion valuation, according to the Financial Times. 0 The fintech super app is reportedly in talks to raise around $1 billion by issuing new shares and selling existing ones. The US-based firm Greenoaks is said to be leading the round, though the deal has not been finalised, and terms could change. Revolut reported bumper growth for the full year 2024, driving pre-tax profits to $1.4 billion and net profit at $1 billion. The firm was last valued at $45 billion in 2024 after selling shares on the secondary market. More recently, the company's quest for a full UK banking licence has come under scrutiny, amid mounting expectations it may miss a key deadline in the ongoing process to become a fully operational bank. Insiders have raised concerns that the firm may not be on track to meet the provisional 25 July end date for the interim phase, raising fears a full licence may be delayed.
Irish Times
10-07-2025
- Business
- Irish Times
Revolut ‘in talks' to raise new funding at $65bn valuation
Financial technology giant Revolut is in talks to secure new funding at a valuation of $65 billion, sources said, with a US-based investment firm potentially leading the funding. The company is in discussions to raise about $1 billion via newly issued shares and the sale of some existing stock, the Financial Times reported, citing people familiar with the matter, adding that US-based investment firm Greenoaks is in talks to lead the private funding. Revolut declined to comment on the report, while Greenoaks did not immediately respond to a Reuters request. Last year, Revolut was valued at $45 billion through a secondary share sale to new and existing investors. It has emerged as the most successful of the handful of European fintechs founded in the past decade with a digital-only model. It has more than 55 million customers, including 3 million in Ireland. The company in April reported a more than twofold surge in last year's pretax profit to £1.1 billion and said it expected to start operating as a UK bank in 2025. It already operates as a bank in Ireland, under a Lithuanian banking licence, and offers loans, credit cards and investment products. However, there are plans to make Paris its western European headquarters, folowing an announcement in May that it would file for a banking licence in France. That would bring the group's Irish operation into the Paris unit, along with Spain, Germany, Italy and branches that are scheduled to open in the coming months in Europe. Lithuania will continue to serve other markets in the single currency region and the banking unit there will continue to be led by Irishman Joe Heneghan. - Additional reporting: Reuters (c) Copyright Thomson Reuters 2025
Yahoo
10-07-2025
- Business
- Yahoo
Revolut Seeks $1B in New Funding at $65B Valuation: FT
Revolut, Europe's most valuable start-up, is in talks to raise $1 billion in fresh capital at a $65 billion valuation, according to the Financial Times. The funding would mark a significant step in the fintech group's global expansion strategy and represents a 44% increase over its last known valuation of $45 billion from a secondary share sale one year ago. The London-based company plans to raise the funds through a combination of newly issued shares and the sale of existing stock, the report said. Greenoaks, a U.S. investment firm that specializes in backing high-growth technology ventures like Robinhood and Stripe, is in talks to lead the round, although final terms have not been confirmed. The jump in valuation would also push Revolut closer to an internal milestone. CEO Nik Storonsky is eligible for a substantial compensation package if the company reaches a $150 billion valuation, according to the Financial Times. Revolut offers users the possibility of gaining exposure to various cryptocurrencies and crypto stocks. It's working on rolling out Lightning Network payments for European users.
Yahoo
09-07-2025
- Business
- Yahoo
Neobank Revolut seeks $65B valuation, a year after its $45B deal
Europe's fintech darling Revolut is looking to raise a new funding round that would give it a $65 billion valuation, the Financial Times reports. The U.K.-based company is reportedly in talks to raise around $1 billion by issuing new shares and selling existing ones. The U.S.-based firm Greenoaks is said to be leading the round, though the deal has not been finalized, and terms could change. TechCrunch reported in April that the company saw a 72% increase in revenue last year, netting $1 billion in profit. The company also saw a spike in users, having more than 50 million customers (it received its banking licenses to operate in the U.K. last year and now serves over 30 countries). Revolut was last valued at $45 billion in 2024 after selling shares on the secondary market and subsequently became one of the most valuable tech companies in Europe. Revolut declined to comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
Revolut Seeks $1B in New Funding at $65B Valuation: FT
Revolut, Europe's most valuable start-up, is in talks to raise $1 billion in fresh capital at a $65 billion valuation, according to the Financial Times. The funding would mark a significant step in the fintech group's global expansion strategy and represents a 44% increase over its last known valuation of $45 billion from a secondary share sale one year ago. The London-based company plans to raise the funds through a combination of newly issued shares and the sale of existing stock, the report said. Greenoaks, a U.S. investment firm that specializes in backing high-growth technology ventures like Robinhood and Stripe, is in talks to lead the round, although final terms have not been confirmed. The jump in valuation would also push Revolut closer to an internal milestone. CEO Nik Storonsky is eligible for a substantial compensation package if the company reaches a $150 billion valuation, according to the Financial Times. Revolut offers users the possibility of gaining exposure to various cryptocurrencies and crypto stocks. It's working on rolling out Lightning Network payments for European users. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
