Revolut Doubles Funding Round, Eyes $75B Valuation & U.S. Expansion
Hey Digital Banking Fanatic!
Revolut is now said to be closing in on a $2 billion raise, "just" doubling the figure reported just last week... 👀
The deal, a mix of primary and secondary shares, could push its valuation to as high as $75 billion, according to Axios. 🤯
Secondary shares are being priced closer to $45 billion, but the spotlight is on the primary round at $75 billion.
With 60% growth projected for 2026, Revolut will be channeling most of the new funding into the U.S., a pivotal market for its IPO.
Read more on Revolut and all the other Digital Banking industry news below 👇 and I'll be back with more tomorrow!
Cheers,
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NEWS
🇬🇧 Revolut is valued at up to $75B in a new round. U.K.-based neobank Revolut is in advanced talks to raise primary and secondary funding that could give it a blended valuation of about $65 billion. Keep reading
🇺🇸 Early Revolut and Klarna backers have inked a $15M deal with Murphy to replace debt collection call centres with AI agents. This funding will help scale Murphy’s product, grow its technical and go-to-market teams, and accelerate international expansion, particularly into the US market.
🇪🇺 MoonPay adds single-click crypto payments for Revolut users in the UK and EU. By allowing Revolut users to confirm crypto purchases with biometric ID or a passcode, it eliminates some of the common friction points faced by crypto buyers, particularly the card declines and identity verification delays.
🇬🇧 British crypto FinTech firm Ziglu collapses and users face $2.7 million in losses. According to administrators, the firm used users’ funds to run its day-to-day operations before the FCA forced it to halt withdrawals. Administrators will now look to sell the company as users keenly anticipate the fate of their funds.
🇺🇸 Crypto companies race to get banking foothold in US. Cryptocurrency companies are racing to expand into traditional banking in the US, as they seek to capitalise on a friendlier regulatory environment under President Donald Trump and become more embedded in the financial system.
🇮🇳 After raising $137 mn, neobank Fi Money battles existential crisis. The startup now faces a weakening runway, product cutbacks, and an uncertain future. It is still operating under a loan distribution model where it disburses loans on behalf of RBI-registered lenders. And scaling this up has become a challenge.
🇬🇧 NatWest Boxed and Saga Money launch seven-year partnership to deliver savings products for the over-50s. It will enable Saga to expand its range of financial services, initially through an improved savings proposition, with other financial services products expected to be added in due course.
🇬🇧 Lloyds Banking Group is in talks to buy digital wallet provider Curve. Britain's biggest high street bank is in talks to buy Curve, the digital wallet provider, amid growing regulatory pressure on Apple to open its payment services to rivals. Read more
🇬🇧 Lloyds and Aberdeen tie up with crypto bourse Archax for FX trading. The partnership allows FX trades between Aberdeen and Lloyds using blockchain technology, which enables tokenized real-world assets to be used as collateral.
🇧🇷 Bradesco launches Pix via voice command on WhatsApp. The feature, which allows transactions of up to R$300 per transaction, is already being tested with 1,000 selected customers. According to the bank, the next step is to integrate the tool with the institution's other digital channels.
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