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Revolut Said to Eye Fundraising at Over $20 Billion Valuation

  • Firm valued at $5.5 billion in 2020 fundraising round
  • Fintech valuations are soaring as investors pile on assets
Revolut Chief Executive Officer Nikolay Storonsky

Revolut Chief Executive Officer Nikolay Storonsky

Photographer: Luke MacGregor/Bloomberg

Revolut Ltd. is in the early stages of a fundraising round that could value the British company at $20 billion or more, people familiar with the matter said, as investor cash pours into fintechs.

The company has held preliminary talks with investors about raising funds, though no final decisions about timing or amount have been made, the people said, asking not to be identified because the deliberations are private. A representative for Revolut declined to comment.