Revolut Reports 46% Revenue Surge as It Seeks $75 Billion Valuation

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Revolut is seeking to convince investors of its $75
billion valuation as it reports strong revenue growth and weighs a bold
expansion into the United States.

The fintech said its second-quarter revenue climbed to
$1.4 billion, a 46% jump from last year, as it prepared to close its latest
fundraising round, Bloomberg reported.

Revenue Growth Outpaces Expectations

Investor documents show Revolut generated £1.01
billion ($1.4 billion) in revenue for the second quarter, up from £694 million
a year earlier. Growth accelerated further in recent months, with July revenue
at £373 million and August at £410 million.

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That trajectory puts the company on track to exceed
£4.1 billion in annual revenue, compared with £3.1 billion in 2024, when it
also posted record pretax profit of £1.1 billion. Revolut now serves more than
60 million customers across Europe, Latin America, the Middle East, and Asia.

The fundraising, internally called “Project Athens,”
has a deadline for investor interest this week, according to people familiar
with the matter. The round is expected to set Revolut’s valuation at $75
billion.

Related: Revolut Invest Crushes 34 Polish Brokerages But Can’t Touch XTB’s Crown

In parallel, the company has explored ways to provide
liquidity to existing shareholders. Employees have discussed selling their
shares at the same valuation, while Revolut offered to repurchase up to 10% of
shares from eligible investors last month.

US Ambitions Take Center Stage

Revolut has told investors it could use part of the
proceeds to acquire a US bank, people familiar with the matter told Bloomberg. The
company is still weighing whether to pursue an acquisition or apply for its own
license.

“The United States represents a key pillar of our
global growth strategy,” Chief Executive Officer Nik Storonsky said in a
statement. Revolut has pledged to invest more than $500 million in the country
over the coming years and expects to create hundreds of jobs.

Meanwhile,
Revolut is focused on capturing new markets as part of its expansion strategy.
This month, the company recently secured in-principle approval from the Central Bank of
the United Arab Emirates for its Stored Value Facilities and Retail Payment
Services licenses.

The UAE has
emerged as a priority market for Revolut. It combines rapid digital adoption with
a regulatory environment that encourages innovation in payments and fintech.

This article was written by Jared Kirui at www.financemagnates.com.

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