In brief: Revolut sees its development leap

The neobank of British origin Revolut has just announced that it has reached a record $75 billion worth thanks to a major fund raising. It also confirms its strong growth, profitability and international expansion.

Renvolut is now valued at $75 billion, confirming its place as one of the world's largest FinTechs and even as a strong competitor to traditional banking players.

Its new fund-raising operation was led by Coatue, Greenoaks, Dragoneer and Fidelity, with the participation of Andreessen Horowitz, Franklin Templeton, T. Rowe Price and NVentures (the venture capital arm of NVIDIA).

This announcement also allows FinTech to highlight its latest good results. Revolut thus recorded a turnover of 2024, an increase of 72%, estimated at $4 billion. Its pre-tax earnings are also up 149 per cent to $1.4 billion.

Revolut now has over 65 million individual customers and its business activity reaches $1 billion in annualized revenues.

This good health allows FinTech to continue its international expansion and even accelerate it. It has recently obtained bank licences in Mexico and Colombia, ensuring a deployment for its services in these two countries.

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