Revolut, the UK-based fintech, is in talks about $2 billion raise at a $75 billion valuation, combining primary and secondary shares. The primary funding brings in fresh capital for the company, while the secondary round, priced at $45 billion, allows early employees and investors to cash in some gains. Industry reports indicate that strategic international investors, including Mubadala, are considering stakes.
Just a year ago, Revolut’s valuation was around $45 billion. Now, with $2 billion in new funds, Revolut plans to accelerate its ambitions, focusing on global expansion. The U.S. market stands out as a prime target, offering a likely foundation for a future IPO.
CEO Nik Storonsky and his team plan to utilise this war chest to accelerate product development, enhance regulatory engagement, and increase customer acquisition as the company seeks to solidify its position as a global financial super-app.
Breakneck growth, bold innovations, and big milestones
In 2024, the company reported a 72% increase in revenue, reaching $4 billion. Net profit soared to $1.4 billion, marking the fourth consecutive year of profitability and firmly establishing Revolut’s financial strength.
Revolut recently secured its long-awaited UK banking license, a step that enables expanded lending and new product offerings in its home market. While some reports mention potential delays in fully implementing the license’s capabilities, the company’s progress demonstrates growing regulatory trust and sets the stage for further expansion throughout Europe and beyond.
At its recent “Revolutionaries” event in London, the company unveiled its bold vision for 2025. Management has announced the upcoming launch of an AI-powered financial assistant designed to provide more innovative money management and decision-making capabilities, with initial features set to roll out this year.
Revolut also announced plans for rapid digital mortgage approval, starting in Lithuania and then expanding to Ireland and France. The company will introduce branded ATMs in Spain featuring advanced security features, including facial recognition and the ability to dispense both cash and replacement cards on-site.
For business customers, Revolut is launching its first credit products in Europe while testing cutting-edge features, including biometric authentication and Buy Now, Pay Later options.
The next step for Revolut? Supercharging for the future
The $2 billion raise will fund growth, allowing Revolut to increase investment in regulated financial products, enhance AI-driven financial planning, and expand its robust retail and business banking portfolios.
CEO Nik Storonsky comments, “We want to revolutionise banking for the better and we’re on the right path to achieve this.”
Revolut’s revenues are forecast to reach $5.9 billion in 2025 and $9.3 billion in 2026. With a growing global customer base and upcoming product launches spanning digital mortgages, advanced business tools, and AI solutions, Revolut is positioned to redefine modern, borderless banking.
