Revolut is negotiating to raise $1 billion with a valuation of $65 billion, a 44% increase compared to the previous year.
The European fintech company Revolut has just announced a funding plan led by Greenoaks, while also expanding its Bitcoin Lightning Network payment service in Europe.
MAIN CONTENT
Revolut is negotiating a $1 billion funding round, raising its valuation to $65 billion.
The Bitcoin Lightning Network payment service has been launched for European users.
CEO Nik Storonsky will receive a large bonus if the company's valuation reaches $150 billion.
How is Revolut negotiating its new valuation for fundraising?
Revolut plans to raise $1 billion with a valuation of $65 billion, a 44% increase compared to the secondary transaction last year. This information was reported by CoinDesk citing the Financial Times and announced on July 10.
This funding round includes the issuance of new shares and the sale of old shares, but the official terms have not yet been disclosed. The leading investor is Greenoaks, known for its investments in Robinhood and Stripe, which increases the reliability of the deal.
Revolut is committed to developing services and expanding the cryptocurrency market to maintain its leading position in the European Fintech sector.
CEO Nik Storonsky, 2024
What recent advancements has Revolut made in cryptocurrency services?
The company has just launched a Bitcoin Lightning Network payment feature for European users, allowing faster transactions with lower fees. This is an important step to promote the use of cryptocurrencies in daily payments.
Integrating the Lightning Network helps Revolut enhance user experience while increasing the opportunity to support more cryptocurrencies in the future. According to many reports in 2024, the Lightning Network is highly regarded in the global cryptocurrency community.
What is the CEO bonus policy of Revolut regarding company valuation?
CEO Nik Storonsky plans to receive a significant bonus if Revolut reaches a valuation of $150 billion. This is a way to encourage leadership commitment and drive effective growth, maintaining the company's position and expanding its scale.
This policy also reflects the leadership's strong belief in the growth potential of Revolut in the fintech and cryptocurrency sectors.
"We believe that technological potential will help Revolut not only be the leading Fintech company but also a trendsetter in the cryptocurrency sector."
Nik Storonsky, CEO of Revolut, 7/2024
Comparing some notable funding rounds of leading fintech companies
Company Funding Round Valuation (billion USD) Notable Investors Date Revolut 1 billion USD 65 Greenoaks 7/2024 Robinhood 500 million USD 11 Greenoaks 2019 Stripe 600 million USD 95 Greenoaks, Andreessen Horowitz 2021
Frequently Asked Questions
How much is Revolut raising and what is the new valuation?
Revolut is negotiating to raise $1 billion with a valuation of $65 billion, a 44% increase compared to the previous year.
How does the Bitcoin Lightning Network assist Revolut users?
Through the Lightning Network, Bitcoin transactions become faster, cheaper, and improve the cryptocurrency payment experience.
What is the CEO of Revolut's bonus plan based on?
CEO Nik Storonsky will receive a significant bonus when the company's valuation reaches $150 billion, reflecting growth expectations and leadership contributions.
What kind of investor is Greenoaks?
Greenoaks is a reputable investment fund that has backed many leading technology companies such as Robinhood and Stripe.
How is Revolut expanding its cryptocurrency services?
The company focuses on developing the Bitcoin Lightning Network payments and enhancing cryptocurrency services in the European market.
Source: https://tintucbitcoin.com/revolut-du-kien-goi-von-1-ty-usd/
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