Revolut's new round of stock issuance financing has increased its valuation to $75 billion, led by Coatue and Fidelity, with participation from Nvidia and a16z.

According to Bloomberg, Revolut Ltd. has reached a valuation of $75 billion in its latest round of stock issuance, a significant rise from last year's valuation of $45 billion. This round of financing was led by Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company. The venture capital division of Nvidia Corp. ( NVentures, Andreessen Horowitz (a16z), Franklin Templeton ), and accounts under T. Rowe Price also participated in this round of financing.

Revolut spent several months completing this round of financing, solidifying its position as the most valuable startup in Europe. The company allows existing employees to sell their held shares, which is the fifth time the company has offered such an opportunity to employees.

Revolut's Chief Financial Officer Victor Stinga stated: “The strong interest from investors and our new valuation reflect the advantages of our business model, which has achieved rapid rise and strong profitability.”

Revolut is a digital bank that offers checking and savings accounts, international remittances, cryptocurrency and stock trading, as well as bill payments and budgeting tools. This fintech company has pledged to invest $13 billion with the aim of accumulating 100 million customers worldwide - currently, its customer count is around 65 million.

The company is currently planning to enter 30 new markets in nearly all major regions and intends to undergo costly regulatory approval processes in each market. CEO Nik Storonsky is also striving to obtain a full banking license in the UK, where Revolut's headquarters is located.