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Fintech Company Revolut in Talks for $1 Billion Funding at $65 Billion Valuation
Summary: According to CoinDesk citing the Financial Times, European fintech company Revolut is in talks for a $1 billion funding round led by US investment firm Greenoaks, valuing the company at $65 billion, a 44% increase from last year's secondary market trading valuation. The funding will be completed through a combination of new share issuance and ...
According to CoinDesk citing the Financial Times, European fintech company Revolut is in talks for a $1 billion funding round led by US investment firm Greenoaks, valuing the company at $65 billion, a 44% increase from last year's secondary market trading valuation. The funding will be completed through a combination of new share issuance and old share sales, with final terms yet to be determined. The company recently launched Bitcoin Lightning Network payment functionality for European users and continues to expand its cryptocurrency services. CEO Nik Storonsky's compensation package is tied to the company's valuation, with a substantial reward triggered at a $150 billion valuation. Greenoaks has previously invested in tech companies like Robinhood and Stripe.
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Link: Fintech Company Revolut in Talks for $1 Billion Funding at $65 Billion Valuation [Copy]
