Revolution, the new most valuable company in Europe, is in conversations to raise $ 1 billion in fresh capital with an assessment of $ 65 billion, according to the Financial Times.
The financing would mark a significant step in the Global Expansion strategy of the Fintech group and represents a 44% increase on its last known assessment of $ 45 billion of a sale of secondary shares a year ago.
The London -based company plans to raise funds through a combination of newly issued shares and the sale of existing shares, according to the report.
Greenoaks, an American investment firm that specializes in supporting high growth technological companies such as Robinhood and Stripe, is in conversations to lead the round, although the final terms have not been confirmed.
The jump in the assessment would also push Revolution closer to an internal milestone. The CEO Nik Storonsky is eligible for a substantial compensation package if the company reaches an assessment of $ 150 billion, according to the Financial Times.
Revolution offers users the possibility of obtaining exposure to several cryptocurrencies and cryptography actions. You are working to implement the Lightning Network payments for European users.
