Revolut has completed a private share sale with participation from major investment firms. The transaction also allowed employees to sell shares. Neobank Revolut has completed a share sale that values the company at $75 billion, placing it among the world’s most valuable fintechs. The funding deal was led by investment firms Coatue, Greenoaks, Fidelity and Dragoneer, with additional backing from a16z, Franklin Templeton, and T. Rowe Price. Nvidia’s venture arm, NVentures, also participated. The company said Monday that employees were able to sell shares as part of the deal, marking the fifth time Revolut has offered staff a liquidity event through its employee share program. Read more
Revolut also revealed its Crypto 2.0 platform, which will feature over 280 tokens, zero-fee staking up to 22% APY and 1:1 stablecoin-to-US dollar conversion. Revolut obtained a Markets in Crypto-Assets Regulation (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), enabling it to offer regulated crypto services across all 30 markets in the European Economic Area (EEA). The move boosts Revolut’s expansion in the crypto market as the fintech prepares to launch its next-generation “Crypto 2.0” platform, the company said in a news release shared with Cointelegraph. “This authorisation enables us to deliver groundbreaking crypto products with enhanced transparency and trust for our growing customer base, while further reiterating our commitment to crypto as an asset class,” said Costas Michael, CEO of Revolut Digital Assets Europe. Read more
Revolut’s new job listing reveals plans to build a crypto derivatives business from scratch, leveraging its 50 million-strong global customer base. Update (June 3, 2025, 11:45 am UTC): This article has been updated to include comments from Revolut. Fintech giant Revolut appears to be gearing up for a move into the crypto derivatives market as a new job posting hints at plans to build the business from scratch. A recent listing for a “General Manager (Crypto Derivatives)” role shows that Revolut is actively recruiting in London, Barcelona and Dubai. The position would oversee the end-to-end launch of the derivatives platform, from product architecture and trading infrastructure to regulatory compliance and commercial strategy. Read more
Revolut plans to invest over $1 billion in France, establish an EU headquarters in Paris and apply for a local banking license as it targets rapid expansion in its largest market. Revolut, a European neobank with crypto support, plans to invest more than 1 billion euro ($1.1 billion) in France and apply for a local banking license. According to a May 19 Fortune report, Revolut representatives announced the initiative during the Choose France business summit hosted by President Emmanuel Macron in Paris. The London-based neobank also plans to set up its new European Union-serving headquarters in Paris, promising to invest 1 billion euro and hire at least 200 people within three years. Revolut spokespeople also said that the firm is in the process of submitting an application to the French banking regulator Prudential Supervision and Resolution Authority. According to an anonymous source cited by Fortune, the regulator has been pushing the neobank to get a license to improve supervision due to its popularity in ...
Victor Stinga, the interim CFO of Revolut, said the fintech wants to launch mortgages and savings accounts as a rising number of European clients, including Romanian ones, are starting to see Revolut as a main banking account, an alternative to traditional banks or a service that is complementary to them.
Almost half of Gen Z representatives prefer mobile banking and only 3% are in favor of traditional banking, as per a survey conducted in July 2023 by research company Dynata for Revolut.
In 2023, Europeans are more concerned about protecting their money, properties (car, house), health and life than investing in new financial instruments or contracting mortgage loans, as per a survey by Revolut and Dynata conducted among 8,032 respondents across eight European countries, of whom 1,000 Romanians.