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.