Home / Business and Economy / Revolut Soars to $75B Valuation
Revolut Soars to $75B Valuation
26 Nov
Summary
- Revolut achieved a $75 billion valuation after its recent share sale.
- Company revenue grew 72% to $4 billion, with profit before tax more than doubling.
- Revolut aims to be the first global financial super-app serving millions.
Revolut has announced a significant milestone, achieving a $75 billion valuation after completing a share sale. This valuation represents substantial growth from its previous $45 billion valuation just 15 months ago, which followed the acquisition of its British banking license. The fintech company has been actively expanding its operations, securing banking licenses in new markets and exploring further growth in the United States.
The company's financial performance has been exceptional, with revenue increasing by 72% to $4 billion year-over-year. Profit before tax more than doubled, indicating strong profitability that underpins the new valuation. Investors, including Coatue, Greenoaks, and Fidelity, have backed Revolut's vision for a global financial super-app.
Revolut's strategic objective is to become the world's first truly global bank, aiming to serve 100 million customers in 100 countries. The platform has evolved from a travel card to a comprehensive financial tool, now operating in 39 countries and catering to over 65 million users, redefining modern banking for both consumers and businesses.
