Revolut's $75B Valuation & Global Expansion

Revolut, a London-based fintech company, has recently secured a massive valuation of seventy-five billion dollars following a secondary share sale. Major investors, including Coatue, Greenoaks, Dragoneer, Fidelity, Andreessen Horowitz, Franklin Templeton, and NVIDIAs NVentures, have shown strong belief in Revoluts future potential. The companys financial performance has been impressive, with a seventy-two percent increase in revenue and a one hundred forty-nine percent rise in pre-tax profit. Revolut has also been expanding globally, securing banking licenses in Mexico and Colombia, and preparing for launches in India and other Latin American countries. With over sixty-five million users worldwide, Revolut has partnered with Polygon Labs for crypto remittances and received a MiCA license from Cyprus, allowing them to offer crypto services across the European Economic Area.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.