Revolut Hits $75 Billion Valuation After Major Share Sale

Revolut’s recent share sale has propelled its valuation to a record $75 billion, attracting wider investment interest. The company’s revenue soared 72% in 2024, driven by robust profits and user growth across all markets. New licenses and expansion into new territories further solidify Revolut’s global ambition. Revolut completed a significant share sale on November 24th, marking a milestone that attracted key investors including Coatue, Greenoaks, Dragoneer, and Fidelity, with NVentures and NVIDIA’s venture arm also participating in the deal. Employee-friendly liquidity opportunities were created through this program, which allows current employees to sell shares, further contributing to Revolut’s financial stability. This major milestone follows several previous employee share sales that have bolstered the company’s private valuation history. 💰 Revolut’s strong performance is reflected in its financial figures: revenue increased by $72% to reach $4 billion, with profits climbing 149%, reaching $1.4 billion. Net profit reached a significant $1 billion (£790 million) for the same period. Customer numbers also surged, surpassing 65 million globally, strengthening Revolut’s retail banking presence. Meanwhile, Revolut Business generated $1 billion in annualized revenue. The expansion into new markets has been key: the company received MiCA licenses from regulators in Cyprus allowing it to offer crypto services in 30 European countries. Revolut is also expanding in Mexico and Colombia with a banking license and plans to enter India. Revolut’s ambitious growth strategy, aiming for 100 million users across 100 countries, is fueled by new funding secured through this share sale. The company’s future listings are also being explored, including the potential for a dual public offering in London and New York. This bold move reflects Revolut’s determination to reach new heights.