Revolut completes funding round at $115 billion valuation
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Revolut said on Wednesday it completed a funding round at a $115 billion valuation.
- ✓This figure shows a 50% increase from the share sale last year.
- ✓Rowe Price Associates, the deal means private investors now value the 11-year-old business more than many publicly listed banks.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Synopsis
The transaction, which Revolut said was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford, means private market investors value the 11-year-old business more highly than many publicly listed banks.
Listen to this article in summarized format
British bank Revolut said on Wednesday it had completed a funding round at a $115 billion valuation, a more than 50% increase on the $75 billion valuation reached in a share sale last year.
The transaction, which Revolut said was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford, means private market investors value the 11-year-old business more highly than many publicly listed banks.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
The Economic Times
Read the full, original unfiltered story directly on the publisher's portal.