Revolut Seeks $1B in New Funding at $65B Valuation: FT

Revolut, Europe’s most valuable start-up, is in talks to raise $1 billion in fresh capital at a $65 billion valuation, according to the Financial Times. The funding would mark a significant step in the fintech group’s global expansion strategy and represents a 44% increase over its last known valuation of $45 billion from a secondary share sale one year ago. The London-based company plans to raise the funds through a combination of newly issued shares and the sale of existing stock, the report said. Greenoaks, a U.S. investment firm that...