The fintech platform Revolut is preparing for a significant phase in its development, planning to raise $1 billion to achieve a $65 billion valuation. A key element of this growth is its focus on cryptocurrency.
Revolut: Crypto as a Strategic Priority
From the outset, Revolut has stood out among neobanks by openly declaring its ambitions. By diving into the cryptocurrency ecosystem, the fintech signals its desire to not just participate but lead in this area. The platform offers users direct access to cryptocurrencies and stocks linked to companies in the sector, emphasizing its intent to build infrastructure rather than merely offer options.
Billions to Conquer Global Markets
The planned fundraising, led by American fund Greenoaks, is not just a financial operation. It aims to propel Revolut to new heights. The company’s valuation has increased by 44% over the past year, bringing it closer to a symbolic milestone of $150 billion. This could result in substantial financial gains for the founder, Nik Storonsky. The main objective is to expand Revolut's global presence as a key player in payments, especially in regions where cryptocurrency plays a significant role.
The Future According to Revolut
The radical approach of the fintech company attracts investments typical of tech giants like Robinhood and Stripe. Revolut seeks to become more than just a neobank, aiming to align with a web3 vision where cryptocurrency forms the backbone of its business model. Currently, crypto is not a secondary aspect of its offerings but the heart of its operations.
Revolut demonstrates an ambitious vision for the future by integrating cryptocurrency into its core strategy. This could represent a significant step towards a new kind of banking system where cryptocurrency assumes a central role.
