Revolut Eyes $1 Billion Raise at $65 Billion Valuation: Europe’s Top Fintech Sets Global Ambitions
Revolut, the London-based neobank, is preparing to raise $1 billion in fresh capital at a potential $65 billion valuation, making it the most valuable private tech company in Europe. Backed by Greenoaks Capital and Mubadala Investment Company, this ambitious fundraising round marks a bold step in Revolut’s global expansion journey — aiming to challenge the dominance of traditional banks and Big Tech fintech players.
📌 Company Profile: Revolut Ltd
- Founded: July 2015
- Founders: Nikolay Storonsky (CEO) and Vlad Yatsenko (CTO)
- Headquarters: London, United Kingdom
- Employees: 8,000+ (as of 2025)
- Valuation (Target): $65 Billion
- Revenue (2023): $2.2 Billion
- Customers: 40+ million worldwide
- Active Countries: 150+
- Banking Licenses: UK, Lithuania (EU), U.S. (pending)
👥 Leadership Team
| Name | Role | Background |
|---|---|---|
| Nikolay Storonsky | Co-founder & CEO | Former trader at Credit Suisse and Lehman Brothers |
| Vlad Yatsenko | Co-founder & CTO | Former engineer at Deutsche Bank |
| Mikko Salovaara | CFO (until 2023) | Previously at Kraft Heinz and Klarna (resigned May 2023) |
| Richard Davies | CEO of Banking | Ex-Barclays, OakNorth |
Storonsky has spearheaded Revolut’s mission to build a “financial super app,” while Yatsenko leads the development of its robust backend infrastructure.
🏦 Products & Services
Revolut offers an all-in-one digital finance platform, blending consumer banking, wealth management, and business services:
🔹 Consumer Services
- Multi-currency accounts (30+ currencies)
- Instant money transfers (domestic & international)
- Debit and virtual cards (Visa & Mastercard)
- Cryptocurrency trading (100+ tokens)
- Stock & ETF trading (US and global stocks)
- Budgeting & analytics tools
- Junior accounts for children
🔹 Business Services
- Revolut Business accounts (for SMEs & freelancers)
- Expense management
- Multi-user access & bulk payments
- Corporate cards
- API for finance automation
🔹 Premium Subscriptions
- Revolut Plus, Premium, and Metal
- Includes travel insurance, cashback, concierge, lounge access, and exclusive trading options.
💹 Funding History & Valuation Milestones
| Year | Funding Round | Amount Raised | Lead Investors | Valuation |
|---|---|---|---|---|
| 2018 | Series C | $250M | DST Global | $1.7B |
| 2020 | Series D | $500M | TCV | $5.5B |
| 2021 | Series E | $800M | SoftBank Vision Fund, Tiger | $33B |
| 2025 | Series F (planned) | $1B | Greenoaks, Mubadala | $65B (target) |
If completed, the $1B round would nearly double Revolut’s valuation and push it toward IPO readiness.
🌍 Global Expansion Strategy
Revolut is aggressively scaling its footprint in the U.S., Latin America, and Asia-Pacific, supported by regional teams and local partnerships.
🛠️ U.S. Market
- Applied for a U.S. banking license via FDIC
- Plans to offer high-yield savings, lending, and mortgages
- Competing with Chime, Robinhood, and SoFi
🇮🇳 India
- Launched tech hub in Bengaluru (2022)
- Hiring 500+ engineers and product specialists
- Targeting India’s 700M+ digital banking users
🇧🇷 Brazil & 🇲🇽 Mexico
- Latin America is core to Revolut’s next phase
- Exploring M&A with local fintechs
- Low digital banking penetration = massive upside
📊 Financial Performance Snapshot
| Metric | 2021 | 2022 | 2023 (Latest) |
|---|---|---|---|
| Revenue | $635M | $1.1B | $2.2B |
| Operating Profit | -$100M | -$55M | $120M (Profitable) |
| User Accounts | 20M | 30M | 40M+ |
| Daily Active Users | 2.3M | 3.5M | 4M+ |
| Premium Subscribers | ~2M | ~4M | 5.2M+ |
Revenue comes from:
- Subscription plans (Metal, Premium)
- Interchange and FX fees
- Crypto and stock trading commissions
- Business tools and merchant services
🔮 The Road to IPO
Revolut is widely expected to go public by late 2025 or early 2026, potentially on the London Stock Exchange or NASDAQ. However, the firm has hinted at waiting until macroeconomic conditions stabilize further.
Challenges Ahead:
- Regulatory friction in key markets (UK, U.S.)
- Risk of overexpansion and operational complexity
- Profit sustainability in light of increasing competition
Still, Revolut’s unique positioning and strong brand loyalty give it a solid edge.
🏆 Market Position & Competitor Comparison
| Fintech | Valuation (2025) | Markets Operated | Revenue (2023) |
|---|---|---|---|
| Revolut | $65B (target) | 150+ countries | $2.2B |
| Stripe | $65B | 40+ countries | $4B+ |
| Klarna | $6.7B | 20+ countries | $1.5B |
| N26 | $9B | 25+ countries | $300M+ |
| Chime | $25B | U.S. | $1.8B |
Revolut is Europe’s answer to Stripe and Robinhood, combining financial infrastructure with consumer banking on a single platform.
❓FAQs: Revolut’s New Funding Round
What is Revolut’s current valuation?
The planned round values it at $65 billion — nearly double its 2021 valuation of $33 billion.
Who are the lead investors?
Greenoaks Capital and Mubadala Investment Company are in advanced talks to lead the $1B round.
What is Revolut’s business model?
Subscription-based freemium model, transaction fees, trading commissions, and B2B services.
Is Revolut profitable?
Yes, Revolut turned profitable in 2023 with $120M net profit.
Will Revolut IPO soon?
Yes, an IPO is anticipated in 2025–2026 depending on market conditions.
🧠 Analyst Quote
“Revolut isn’t just building a challenger bank — it’s building the infrastructure for global finance. With its scale, services, and profitability, it could lead the next wave of fintech IPOs.”
— Sarah Hunt, Senior Analyst, CB Insights
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