Revolut’s valuation jumps 53% to $115B in new share sale as it prepares to launch US bank
Glade Brook, Coatue and T. Rowe Price were among the investors that led the share sale.
Revolut
Revolut hits $75B valuation in new capital raise
The deal was led by Coatue, Greenoaks, Dragoneer and Fidelity. Investors including Nvidia’s NVentures, Andreessen Horowitz, Franklin Templeton, and other backers advised by T. Rowe Price Associates also participated.
UK is delaying Revolut’s banking license over risk management concerns
Revolut’s full banking license is on hold because U.K.’s central bank is concerned whether the startup can maintain its risk controls in the face of its rapid international expansion.
Startups Weekly: Still running
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This newsletter took a break for the Fourth of July, and maybe you did, too, but the news didn’t. Even the biggest startups are still running after […]
Neobank Revolut seeks $65B valuation, a year after its $45B deal
Europe’s fintech darling Revolut is looking to raise a new funding round that would give it a $65 billion valuation, the Financial Times reports. The UK-based company is reportedly in talks to raise around $1 billion by issuing new shares and selling existing ones. The US-based firm Greenoaks is said to be leading the round, […]