Home / Business and Economy / Revolut Soars to $75B Valuation: A Global Banking Leap
Revolut Soars to $75B Valuation: A Global Banking Leap
25 Nov
Summary
- Revolut achieved a $75 billion valuation following a successful secondary share sale.
- The fintech company reported a 72% revenue increase to $4 billion in 2024.
- Revolut is expanding globally, with launches planned in Mexico and India.
Revolut has successfully completed a secondary share sale, propelling its valuation to an astounding $75 billion. This marks a substantial 66% increase compared to its valuation in 2024 and was supported by prominent investors like Coatue and NVIDIA's venture capital arm.
The company's impressive financial results provide a strong foundation for this new valuation. In 2024, Revolut saw its revenue climb by 72% to $4 billion, with pre-tax profit rising by 149% to $1.4 billion. Customer growth continues, with over 65 million retail users globally and Revolut Business reaching $1 billion in annualized revenue.
With a clear vision to become the first truly global bank, Revolut is pursuing international expansion. Key developments include obtaining final banking authorization and preparing for launches in Mexico and India, alongside securing a banking incorporation license in Colombia. These strategic moves underscore Revolut's ambition to serve 100 million customers across 100 countries.
