Revolut, the most valuable start-up in Europe, During the conversation According to the Financial Times, it is to raise $1 billion in new capital at a valuation of $65 billion.
The funding will mark an important step in the fintech group’s global expansion strategy and a 44% increase from its last known $45 billion valuation compared to mid-level stock sales a year ago.
The London-based company plans to raise funds through a combination of new shares issued and sales of existing shares, the report said.
Greenoaks, a U.S. investment company that specializes in supporting high-growth technology venture capital such as Robinhood and Stripe, is negotiating to lead the tire, although the final term has not been confirmed.
A leaps in valuation will also bring Revolut closer to an internal milestone. CEO Nik Storonsky is eligible for a large compensation package if the company reaches a $150 billion valuation, according to the Financial Times.
Revolut provides users with the possibility to obtain a variety of cryptocurrencies and crypto stocks. It’s working roll out Lightning Network payments for European users.
