Revolut valued at $75BN, with Nvidia and A16z joining investor roster

Revolut, a prominent European fintech company, has reached a valuation of $75 billion following a secondary share sale. This financial milestone, which includes investments from Nvidia and Andreessen Horowitz, underscores the increasing global recognition and potential of European tech firms in the digital financial services sector. It highlights Europe's ability to foster innovative companies capable of attracting substantial investment. The share sale involved new and existing investors, led by Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company. Revolut's valuation saw a notable increase compared to its $45 billion valuation from the previous year, securing its position as Europe's most valuable private tech firm. The company's revenue for 2024 was £3.1 billion, reflecting a 72% year-on-year increase, along with pre-tax profits of £1.1 billion. The substantial valuation and investor interest in Revolut reflect the company's robust business model and rapid growth in the digital finance space. This success impacts both Revolut's employees, who participated in the share sale, and its over 65 million customers. The company's expansion and financial performance demonstrate the growing competitiveness of European fintech companies. With a focus on global expansion, Revolut aims to serve 100 million customers across 100 countries. This strategy, combined with strong financial results, sets the stage for further growth and could inspire other European tech startups.