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Revolut is in talks to raise new funding from investors at a $65bn valuation, according to people familiar with the matter, in a transaction that would fuel global expansion for Europe’s most valuable start-up.
The UK-based financial technology group is in discussions to raise about $1bn of funding via newly issued shares and the sale of some existing stock, two of the people said.
The US investment firm Greenoaks is in talks to lead the private funding round, one person said, cautioning that details had not been finalised.
Revolut conducted a sale of existing shares about a year ago at a $45bn valuation.
The Financial Times previously reported that Revolut chief executive Nik Storonsky was in line for an outsized compensation package should the company reach a $150bn valuation.
Revolut and Greenoaks declined to comment.
This is a developing story
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