Huge congratulations to Nik Storonsky, Vladyslav Yatsenko and the entire Revolut team on the new $75 billion valuation.
Our Day One journey with Revolut started over 10 years ago when we wrote their first check before doubling down alongside Balderton.
We are delighted to see them hit this exciting new milestone, reflecting the continued progress Revolut has made towards its goal of building the world’s first truly global bank.
The new valuation is a result of strong financial performance and major global expansion milestones, including new banking authorisations in Mexico and Colombia.
Revolut in Numbers:
- Revolut’s 2024 revenue grew 72% to $4.0 billion
- Profit before tax increased 149% to $1.4 billion
- Global retail customer base surpassed 65 million
- Revolut Business achieved $1 billion in annualized revenue.
What’s Next for Revolut?
- Reach 100 million customers: Currently serving 65 million people, Revolut recognises that the opportunity ahead across all of its markets is much greater.
- Serve 100 countries: The team is preparing to launch full operations in major new economies, including India and Mexico. They set an ambitious target of 30 new markets by 2030.
Nik Storonsky, CEO and Co-founder of Revolut, commented:
“This milestone reflects the remarkable progress we have made in the last twelve months towards our vision of building the first truly global bank, serving 100 million customers across 100 countries. I’d like to thank our team for their determination and energy, and for believing that it is possible to build a global financial and technology leader from Europe.”
Victor Stinga, CFO of Revolut, said:
“The level of investor interest and our new valuation reflect the strength of our business model, which is delivering both rapid growth and strong profitability. We welcome onboard a series of world-class investors and look forward to working with them for the next stage in Revolut’s evolution.”
Our Managing Partner, Carlos Eduardo Espinal, highlighted:
“A massive congrats from all of team Seedcamp to Nik and the whole Revolut team on hitting their $75bn valuation.
I remember very clearly watching Nik and Vlad pitch at Seedcamp Week ten years ago – you can spot me in the front row of the photo below.
They told us then, they wanted to take on all banks. We loved the ambition then, and we love it even more now as they continue to execute worldwide. A decade later, I’m continually astounded by their progress and the phenomenal products they ship. Revolut has consistently redefined what a modern financial platform can be, and they’ve done it with the same grit and clarity of vision they had on Day One. They are truly relentless founders.”
We are proud to be on their journey from Day One and excited to see what comes next.
We are also excited about a new generation of Revolut alumni-turned-entrepreneurs, including the founders of Seedcamp Nation startups Tilt, LiveFlow, Ferry and Ciao.