Fintech Revolut valued at $75 billion following fundraising share sale

Revolut, the London-based fintech, has completed a fundraising process which values the company at $75 billion. The fundraising involved a share sale which saw NVentures, NVIDIA’s venture capital arm, investing in the company. Employees of Revolut were able to sell their shares if they wished to do so, making this the fifth time Revolut has afforded them this opportunity. The valuation and fundraising come as we near the end of a year in which the fintech gained banking authorization in Mexico, earned its banking incorporation licence in Colombia, and prepare to launch in another key market – India. Announcing the… [Continue Reading]