According to TechCrunch, Revolut has raised new funding in a share sale that values the company at a whopping $75 billion, positioning it as one of Europe’s most valuable private tech companies. The deal was led by Coatue, Greenoaks, Dragoneer and Fidelity, with participation from Nvidia’s NVentures, Andreessen Horowitz, Franklin Templeton, and other backers. The company didn’t disclose the exact amount raised but confirmed employees could cash out in the deal. This represents a significant jump from its $48 billion valuation in August 2025. Revolut’s financial performance has been impressive too, with 2024 revenue rising 72% to $4 billion and net profit hitting $1 billion. The company now aims to reach 100 million customers by mid-2027 and enter over 30 new markets by 2030.
The global banking play
Here’s what’s really interesting about this valuation jump. Revolut isn’t just another fintech startup anymore – they’re playing in the big leagues now. That $75 billion valuation puts them in the same conversation as established financial institutions, not just other neobanks. And they’re spending that investor money exactly where you’d expect: global expansion. They’re already operating in dozens of countries and have concrete plans for Argentina, South Africa, and more. But here’s the thing – they’re still waiting for that full UK banking license, which feels like the elephant in the room. How does a company become one of Europe’s most valuable fintechs without having its home country banking license sorted?
Revenue diversification game
Look at where their growth is coming from. Their crypto exchange, Revolut X, saw revenue explode by 298% to $647 million in 2024. That’s not just impressive – it’s massive. Basically, they’ve managed to diversify beyond basic banking services into areas that traditional banks either can’t or won’t touch. The Wealth division is clearly paying off big time. And with $1 billion in net profit reported for 2024, they’re actually making money, not just burning through venture capital. That’s becoming increasingly rare in today’s funding environment.
Employee liquidity matters
The employee cash-out component is smarter than people might realize. In a market where tech IPOs have been shaky, giving employees a way to realize some gains keeps talent motivated and reduces pressure for an immediate public offering. It’s a strategic move that says “we’re building for the long term, but we’re not forgetting the people who got us here.” According to PitchBook data, they’ve raised nearly $3 billion total, so this isn’t their first rodeo. They understand how to keep both investors and employees happy while maintaining control over their timeline.
The 100 million customer chase
Their goal of 100 million customers by 2027 is ambitious to say the least. That’s nearly doubling their current user base in just a few years. But here’s where it gets interesting – they’re not just chasing any customers. They’re building what CEO Nik Storonsky calls “the first truly global bank.” The strategy seems to be: get into as many markets as possible, offer everything from traditional banking to crypto, and become the default financial app for digital natives worldwide. It’s a bold vision, and at $75 billion, investors are clearly betting they can pull it off. But can any single company truly dominate global banking in an era of increasing regulatory complexity? We’re about to find out.
