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Neobank Revolut seeks $65B valuation, a year after its $45B deal

  • Neobank Revolut is seeking to raise a new funding round to achieve a $65 billion valuation, up from its previous $45 billion deal.
  • The UK-based company is in talks to raise around $1 billion by issuing new shares and selling existing ones, with Greenoaks leading the round.
  • Revolut experienced a substantial increase in revenue last year, with a 72% growth, reaching $1 billion in profit, and now serving over 30 countries with more than 50 million customers.
  • Despite its success, Revolut declined to comment on the potential deal, which is not yet finalized, and terms could still change.

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