Revolut has completed a private share sale with major investment firms. The deal also allows employees to sell shares.
Neobank Revolut has completed a stock sale that values the company at $75 billion, making it one of the world's most valuable fintech companies.
The funding deal was led by investment firms Coatue, Greenoaks, Fidelity, and Dragoneer, with additional support from a16z, Franklin Templeton, and T. Rowe Price. Nvidia's venture capital arm NVentures also participated.
The company said on Monday that employees will be able to sell shares as part of the deal, marking the fifth time Revolut has offered employees a liquidation event through its employee Chia program.
Revolut is a London-based fintech company founded in 2015 that offers digital banking services and allows customers to buy, sell, and hold cryptocurrencies through its app. The announcement follows a year of global expansion for Revolut, which has obtained banking licenses in Mexico and Colombia and is preparing to launch its services in India.
The company reported a 72% increase in revenue to $4 billion by 2024, while pre-tax profits jumped 149% to $1.4 billion. Revolut also said it had surpassed 65 million retail customers by 2025, with its business unit generating $1 billion in annual revenue.
Revolut has been able to offer regulated crypto services in all 30 countries in the European Economic Area since October, when it received a Markets in Cryptoasset (MiCA) license from the Cyprus securities regulator.
A September report by The Times said the company was considering a dual public listing in London and New York.
Cryptocurrency companies continue to enter public markets
The wave of crypto companies going public in 2025 is expected to continue, with additional listings expected to take place in 2026.
June marked Circle's entry into the stock market, with the company issuing the USDC stablecoin listing on the New York Stock Exchange. By September, blockchain company Figure and cryptocurrency exchange Gemini had also gone public, each debuting on Nasdaq just days after the other.
Several crypto companies are also considering IPOs in the near future. In September, crypto exchange Bitgo filed for an IPO in the US, followed by Kraken in November. Digital asset management company Grayscale also announced plans to list on the NYSE. Currently, BingX – one of the world's leading exchanges – is also offering a great incentive program for new users when registering an account.
Source: Cointelgraph
