Europe had been asking for a big hit on the table for some time. Revolut just gave it a huge valuation

Revolut was born in London as a fintech focused on digital payments and today it has become one of the most watched companies on the European financial landscape. It has already exceeded 65 million customers worldwide and its ambition is to reach 100 million, with its sights set on becoming the first global bank born from technology. Not only does it add users, it also builds physical structures: Spain was the country chosen to install its first ATMs with own brand. Now, he has added one more element to his story: a valuation of $75 billion. The operation validated by some of the largest funds in the world. The sale of Revolut shares was not carried out by traditional banks, but by some of the most influential investment funds in the technology sector, such as Coatue, Greenoaks, Dragoneer and Fidelity Management & Research Company. They were joined by names linked to large companies such as NVentures, NVIDIA’s investment fund, as well as Andreessen Horowitz, Franklin Templeton and T. Rowe Price. According to Bloombergthis operation has placed Revolut as the most valuable startup in Europe. It also allowed employees to sell shares, something Revolut has already offered on five occasions. A valuation that does not leave the stock market. Revolut remains a private company, so its shares are not available on public markets and its valuation is not set on the stock market. It is estimated from the price that investors accept when they buy a package of shares in operations like this: that price is taken as a reference to calculate how much 100% of the company would be worth. On this occasion, Revolut has made it easier for employees and existing shareholders to sell part of their stakes, while incorporating new investors into the capital. The result is a valuation that, as we say, sets the bar at 75 billion dollars. Revolut remains a private company, so its shares are not available on public markets and its valuation is not set on the stock market. Although it is still private, Revolut does publish figures that explain part of the investment enthusiasm. In 2024 it recorded $4 billion in revenue, with a growth of 72%, and $1.4 billion in profit before taxes, an increase of 149%. In 2025, the pace continues thanks to the performance of its business division, which already moves 1 billion annually. In addition, the company has made relevant regulatory progress: it has the final banking authorization for its next launch in Mexico, it has a banking incorporation license in Colombia and is preparing its arrival in India. Spain as a pilot bank. The Spanish market has become one of Revolut’s strategic laboratories. Here it inaugurated its first ATM network in Europe, with 50 machines installed and plans to expand to 200 next year. At the same time, it is exploring its entry into private banking by hiring specialized profiles. According to Expansionthe project is in the initial phase, but marks a symbolic step: it no longer competes only in mobile, but also in segments reserved for traditional banking. Europe gains visibility, but the United States sets the pace. That Revolut is the most valuable startup in Europe, as Bloomberg points out, demonstrates the moment that the technology sector is experiencing on the continent. Even so, the comparison with the United States remains significant: Reuters puts OpenAI at $500 billionabout 6.67 times above Revolut. There, the most notable startups come not only from fintech, but also from aerospace, autonomous vehicles, blockchain, design or productivity. Europe, on the other hand, has concentrated its progress mainly on fintech, quantum computing and corporate software. The $75 billion valuation does not automatically make Revolut a global bank, but it does send a clear message: large international funds are willing to back a model that mixes technology, financial services and international ambition. The next step will be to sustain that growth while obtaining key licenses, such as the one it is seeking in the United Kingdom. What is happening with Revolut shows that Europe can generate relevant players, although it remains to be seen how far they can go in a field historically dominated by American banking and technology. Images | Revolut In Xataka | A few weeks ago Amancio Ortega collected 1,552 million from Inditex: he just invested them in the second largest purchase in its history

Ten AI startups have skyrocketed their valuation by $1 trillion in 12 months

Logic tells us that companies that they lose money consistently should have a black future. What is happening in the world of AI is just the opposite, and right now ten startups in very red numbers They have achieved something unusual in one year: in one year they have grown by one trillion dollars in their joint valuation. It is something simply extraordinary… and disturbing. The big three. OpenAI is of course the protagonist of this select group, and today it is estimated that its valuation amounts to half a billion dollars. Elon Musk’s company, xAI, is valued at 200 billion, while Anthropic is also close to that figure according to a Financial Times study. In one year the valuation of these AI startups has skyrocketed. Source: Financial Times. And his immediate followers. Databricks, which was founded in 2013, was quick to join that segment and now has an estimated valuation of $100 billion. Figure (robotics), SSI (Sutskever’s startup), Scale AI, Perplexity, Thinking Machine Lab (Mira Murati’s startup) or Cursor complete this group of new startups (almost all of them) and with skyrocketing valuations. Investment fever. This growth in its valuation is due, of course, to the fact that all of these firms have raised multimillion-dollar investment rounds by firms that trust in a future full of AI. In fact, venture capital and investment companies in the US have injected 161 billion dollars throughout this year, and they have done so without being able to see even a hint that their bet is going to be a winner. All these AI companies They burn money like there’s no tomorrowand its profitability—and future—is an absolute unknown. bubbles are good. “Of course there is an (AI) bubble.” The person who says it is Hermant Taneja, president of the venture capital firm General Catalyst. His firm has invested in Anthropic and Mistral, and has done so without batting an eye because according to him, “Bubbles are good. Bubbles align capital and talent into a new trend, which causes some carnage, but also creates new lasting businesses that change the world.” Maybe it is, but only for a few.. Sam Altman, co-founder and CEO of OpenAI, also think there is a bubblebut it coincides with that positive vision because it is probably him who will benefit (if everything explodes). Robin Li, CEO of Baidu, already indicated a year ago that the bubble will end up bursting and that only 1% of companies will survive. Bezos adds to that perception: “this is the good type of industrial bubble that is totally contrary to financial bubbles. The banking bubble, the crisis of the banking system, that is simply bad, as happened in 2008. These bubbles are the ones that society must avoid.” It happened with dotcoms. The analogy with the dotcom bubble It’s inevitable. At that time something similar happened with the inflated valuations of internet companies, and when the bubble burst only a few survived, but those that did managed to become the mistresses of the world. ANDThis bubble is much bigger. At least, from the point of view of the figures invested. In the dotcom fever, venture capital companies invested 10.5 billion dollars, which if we adjust for inflation becomes about 20 billion dollars. In 2021, these same firms invested 135 billion in startups in the SaaS (Software as a Service) segment. This year, investment in AI companies will likely exceed $200 billion, according to PitchBook. One of the directors of these firms describes this with a strong word. “This is FOMO“. And the valuations are skyrocketing. Startups that have $5 million in annual recurring revenue are seeking investment rounds that value them at $500 million. That they pursue those valuations that are 100 times their income makes ridiculous the excesses that already occurred in 2021, for example. Although venture capital firms know that they will lose money on most of their bets, they also hope that one or two that they get right will more than make up for that entire bet. Not investing is losing forever. Mark Zuckerberg shares this vision of venture capital firms, and his company is making colossal investments to avoid missing out on AI. The founder and CEO of Meta recently explained that He doesn’t care about losing 200,000 million dollarsbecause it would be much worse to be left behind in this race. Marc Benioff, co-founder and CEO of Salesforce, agrees and believes that a trillion dollars of investment will end up wasted, but AI will end up producing 10 times that in value: “The only way we know to create great technology is to try as many things as possible, see which ones work, and then focus on the ones that succeed.” Time will tell if they were right and if this bubble, as investors defend, is “a good one.” In Xataka | OpenAI is making the tech industry unite its destiny with yours. For the sake of the global economy, it better work

Its valuation reaches 44,000 million dollars

The social network X, before as known to X, has risen economically. As indicated In Financial Timesthe valuation has been recovered and is now at 44,000 million dollars, which is just the amount that Elon Musk paid to buy it. How have you gone around the tortilla? Let’s see it. Twitter collapse. In October 2022 Elon Musk bought Twitter for 44,000 million dollars. After a series of controversial decisions and the unbalanced of the advertisersits valuation collapsed: a year later the company had lost 90% of its value. Things painted very badly for the social network now known as X, but the truth is that the tycoon has managed to turn the situation, at least in the economic section. Not even 10,000 million dollars were worth. X investors have exchanged their respective positions in the company, according to sources close to those movements. This process has served to estimate the remarkable increase in valuation for a company that had it below 10,000 million dollars. INVESTMENT ROUND IN THE VIEW. X is negotiating to raise a first investment round. It is estimated that they could raise about 2,000 million dollars, of which 1 billion would serve to pay part of the debts that Musk assumed to make the purchase. The cuts work. The income has fallen since the arrival of Musk and in 2024 they were approximately Half of those that were before the acquisition. However, it seems that the important cuts he made – for example with the numerous dismissals – have helped to turn X into a more efficient and economically efficient company, and the costs are now a quarter of those in the past. Its EBITDA is 1.2 billion dollars according to two sources close to that situation, and the striking thing is that the figure is practically identical to which Twitter had before Musk bought it. Banks sell their debt. Several banks that lent money to Musk have sold almost the total Of the 12,500 million dollars of debt that were pending with the tycoon. Meanwhile, capital investors – who have a participation in the company – valued the company well below the value in the past, which has probably caused losses. Trump and Xai help. The re -election of Donald Trump as president of the United States has notably favored Elon Musk, who supported his campaign and has now become his main advisor in many areas. That has helped the recovery of X, partly because there has been a Partial return of advertisers. And XAI as lever. Another of the elements that has favored the recovery has been the movement that Musk made a few months ago. The tycoon gave X investors 25% participation in XAI. This startup already has an assessment of 45,000 million dollars, and that has certainly been a convincing argument to be happy for those investors. Subscriptions and Grok. The increasing relevance of the subscription model in X is another of the elements that have allowed increasing income. In these subscription plans, the AI ​​of XAI, Grok, which has become part of the supply offer develops a leading role, although it is also available in a limited way for those who use X free of charge. Optimism. Musk He joked In X in February before the good news saying that “it is almost as if it were good with money”, but also highlighted that there was a margin of improvement and that income should quickly improve in 2025 “as the advertising boycott is blurred.” Image | POT In Xataka | Elon Musk has revealed the formula of his team’s success. The problem is that they barely have time to sleep and eat

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