$75B Valuation for Neobank Revolut Following Record Funding Deal

Neobank Revolut has reached a valuation of $75 billion following a private share sale, placing it among the world's most valuable fintech firms.

The funding deal was led by investment companies Coatue, Greenoaks, Fidelity, and Dragoneer, with additional backing from a16z, Franklin Templeton, T. Rowe Price, and Nvidia's venture arm NVentures.

Employees were also able to sell shares as part of the deal, marking the fifth liquidity event through Revolut's employee share program.

The London-based fintech company offers digital banking services and allows customers to buy, sell, and hold cryptocurrencies through its app.