Revolut seeks to raise $1 billion at a company valuation of $65 billion
JH Kim
Summary
- The neobank Revolut is reportedly seeking to raise funds amounting to $1 billion at an approximate company valuation of $65 billion.
- It was stated that this fundraising will be conducted through a combination of new share issuance and sale of existing shares.
- The market views this funding as a foundation for Revolut to expand its digital financial services and enhance its global competitiveness.
According to CoinDesk, a cryptocurrency-focused media outlet, on the 9th (local time), the London-based neobank Revolut is seeking to raise a total of $1 billion in funding based on an approximate company valuation of $65 billion. This funding is expected to be carried out through a combination of new share issuance and the sale of existing shares.
Revolut currently provides virtual asset trading and virtual asset-based stock investment services, and is also preparing to launch a Bitcoin Lightning Network payment service for its European users.
The market sees this fundraising as the foundation for Revolut's expansion of its digital financial services and strengthening of global competitiveness.
JH Kim
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