Revolut, Europe’s most valuable fintech start-up, is seeking to raise $1bn in fresh funding at a $65bn valuation, with US investment firm Greenoaks expected to lead the round. The transaction would mark one of the largest private fintech deals in recent years.

According to sources cited by the Financial Times, the round will involve a mix of newly issued shares and the sale of existing stock, with early investor Balderton among those considering a partial exit. Abu Dhabi sovereign investor Mubadala, which joined Revolut’s cap table in a $45bn secondary sale last year, is also reportedly in talks to participate.

The $65bn valuation reflects a blended structure, higher for new money and lower for secondaries, positioning the company for further expansion, particularly in the US market. The fresh capital is expected to fund Revolut’s international growth plans, as it leverages its newly awarded UK banking licence to gain regulatory approval in other jurisdictions.

Revolut reported robust performance for 2024, with pre-tax profits more than doubling to £1bn and revenue reaching £3.1bn. The company’s user base now exceeds 50m, although adoption as a primary account remains limited.

If completed, the round would reinforce growing institutional interest in the fintech sector and highlight the increasing role of sovereign and private equity capital in supporting late-stage growth.

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