Revolut, the most precious start-up in Europe, is in talks to raise $ 1 billion in fresh capital to an assessment of $ 65 billion, according to the Financial Times.
Funding would mark an important step in the Group Fintech Group’s global expansion strategy and represents an increase of 44% compared to its latest known assessment of $ 45 billion compared to a secondary action sale a year ago.
The company based in London plans to collect funds thanks to a combination of newly issued shares and the sale of existing shares, according to the report.
Greenoaaks, an American investment company specializing in support for strong growth technological companies like Robinhood and Stripe, is in talks to direct the round, although the final terms have not been confirmed.
The evaluation jump would also bring a revolut closer to an internal step. CEO Nik Storonsky is eligible for a substantial remuneration package if the company reaches an assessment of $ 150 billion, according to the Financial Times.
Revolut offers users the possibility of obtaining exposure to various cryptocurrencies and crypto stocks. He works on the deployment of lightning network payments for European users.
