Revolut and its backers are wrapping up a $3 billion fundraising spree that pegs the company at $75 billion — a 66% jump from last year’s $45B secondary sale. The round was so oversubscribed that some investors reportedly got smaller allocations than they wanted.
According to Bloomberg, the company has begun informing investors about the allocation of shares they’ll receive as part of the oversubscribed funding round. Revolut ultimately managed the fundraising on its own, without the help of its typical coterie of bankers.
What’s next
Expanding into 30 new markets
Investing $13B to hit 100M users (from 65M today)
Securing that long-awaited full UK banking license
CEO Nik Storonsky says the goal is clear: reach a $150 billion valuation and stand shoulder-to-shoulder with Europe’s largest banks. The question now: can Revolut double its worth again before it even goes public?
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
