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Revolut is in talks to boost latest funding from investors at a $65bn valuation, in accordance with people acquainted with the matter, in a transaction that will fuel global expansion for Europe’s Most worthy start-up.
The UK-based financial technology group is in discussions to boost 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 guide the private funding round, one person said, cautioning that details had not been finalised.
Revolut conducted a sale of existing shares a few yr 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 corporate reach a $150bn valuation.
Revolut and Greenoaks declined to comment.
It is a developing story