Revolut has raised new funding in a share sale that values it at $75 billion, positioning the British neobank as one of Europe’s most valuable private tech companies.
The company said on Monday the deal was led by Coatue, Greenoaks, Dragoneer and Fidelity. Investors including Nvidia’s NVentures, Andreessen Horowitz, Franklin Templeton, and other backers advised by T. Rowe Price Associates also participated.
Revolut did not mention how much it raised in the share sale, but it did say it allowed employees to cash out in the deal. As of August 2025, the company had a post-money valuation of $48 billion, and has raised a total of $2.89 billion in venture capital, according to PitchBook.
Founded in 2015, Revolut offers a range of services spanning multi-currency accounts, payment and transfer services, crypto products, insurance and more. The new funding comes as the neobank has been pouring truckloads of cash into expanding its operations internationally.
Besides the U.K., where the company is awaiting a final nod to operate as a full-fledged bank, Revolut has a banking license in the European Union, and it operates in Australia, Japan, New Zealand, Singapore, Brazil, and the U.S. It launched operations in India in October, is about to start operating in Colombia in 2026, and has received a banking license in Mexico.
It also has plans to launch in Argentina, wants to enter Africa (first with South Africa), and has an in-principal payments license in the UAE.
The company’s been doing well financially, too: in 2024, its revenue rose 72% to $4 billion, and it claims it reached $1 billion in annualized revenue this year. Per its last annual report, Revolut reported net profit of $1 billion (£790 million) in 2024. The company also launched a crypto exchange, Revolut X, part of its Wealth division, which saw revenue rise 298% to $647 million in 2024 from just $158 million in 2023.
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The company has grand ambitions, aiming to reach 100 million customers by mid-2027, and enter over 30 new markets by 2030.
“This milestone reflects the remarkable progress we have made in the last twelve months towards our vision of building the first truly global bank, serving 100 million customers across 100 countries,” Nik Storonsky, CEO and co-founder of Revolut, said in a statement.
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![Scientists Built Amphibious Cyborg Cockroaches and We Regret to Inform You They Work
The humble cockroach: depending on where you live, they’re variously the bane of apartment dwellers, a tasty snacc, or a source of political inspiration. The cliché is that they’d be the only creatures to survive a nuclear apocalypse, and whether or not that’s true, you probably wouldn’t put them first in line for further enhancements to their already legendary ability to survive. However, it seems that no one’s told that to the folks at Nanyang Technological University in Singapore, because a group of researchers from the university’s School of Mechanical and Aerospace Engineering recently published a paper describing the process of fitting a cockroach with a diving suit. As the paper’s abstract explains, “The suit integrates a miniaturized oxygen generation module with a flexible waterproof shell, enabling continuous oxygen supply and isolation from surrounding water.” Or, in other words, the suit successfully allowed the insect to breathe underwater, turning it into a sort of nightmarish amphibious cyborg. If this sounds like a terrible idea at face value, console yourself with the knowledge that these cyber-roaches are designed to be used for benevolent purposes. As per the paper, said purposes include pipe inspections, “object transportation,” and, apparently, search-and-rescue missions. (Smash cut to 2031 and Elon Musk ranting about a “pedo roach”.)
Research into the creation of cyborg insects has been a thing for some time, both in academia and in the world of tech. On the latter point, readers may remember the RoboRoach, a $200 DIY kit for creating your own cyborg cockroach that was funded via Kickstarter in 2013. The kit is still available, and these days it seems to be marketed as a fun activity for kids—on the manufacturer’s website, it’s labelled as being for “Grade 9+” and “[Requiring] supervision.” If the idea of a bunch of 15-year-olds performing surgery on cockroaches makes you kinda queasy—supervision or not—well, you’re not alone.
Let’s get back to the Nanyang Technological University, where the experiments are presumably not being conducted by middle-schoolers. If you’ve ever wondered how a cockroach breathes, the paper explains that “like most terrestrial insects, [they] breathe through thoracic spiracles that take in oxygen directly from the air.” The “diving suit” is basically a flexible waterproof shell into which a miniature oxygen generator pumps oxygen, effectively creating a tiny breathing bubble around the insect’s air-intake thingamajigs. This allowed the insect to breathe underwater for up to three hours, although it seems there were some initial, um, design issues to sort out: “Dorsal mounting of the oxygen generator on the cockroach created significant water-resistance during underwater locomotion… causing postural instability and rollover.” Once this issue was resolved, it seems the roaches got on just fine underwater, exhibiting “stable and smooth underwater walking without rollover.” The researchers conclude that the idea is a winner, and that it could be “potentially extended to other terrestrial cyborg insect platforms, such as [other] cockroaches, locusts and beetles.” Amphibious locusts! What could possibly go wrong? #Scientists #Built #Amphibious #Cyborg #Cockroaches #Regret #Inform #Workcockroaches,cyborgs Scientists Built Amphibious Cyborg Cockroaches and We Regret to Inform You They Work
The humble cockroach: depending on where you live, they’re variously the bane of apartment dwellers, a tasty snacc, or a source of political inspiration. The cliché is that they’d be the only creatures to survive a nuclear apocalypse, and whether or not that’s true, you probably wouldn’t put them first in line for further enhancements to their already legendary ability to survive. However, it seems that no one’s told that to the folks at Nanyang Technological University in Singapore, because a group of researchers from the university’s School of Mechanical and Aerospace Engineering recently published a paper describing the process of fitting a cockroach with a diving suit. As the paper’s abstract explains, “The suit integrates a miniaturized oxygen generation module with a flexible waterproof shell, enabling continuous oxygen supply and isolation from surrounding water.” Or, in other words, the suit successfully allowed the insect to breathe underwater, turning it into a sort of nightmarish amphibious cyborg. If this sounds like a terrible idea at face value, console yourself with the knowledge that these cyber-roaches are designed to be used for benevolent purposes. As per the paper, said purposes include pipe inspections, “object transportation,” and, apparently, search-and-rescue missions. (Smash cut to 2031 and Elon Musk ranting about a “pedo roach”.)
Research into the creation of cyborg insects has been a thing for some time, both in academia and in the world of tech. On the latter point, readers may remember the RoboRoach, a $200 DIY kit for creating your own cyborg cockroach that was funded via Kickstarter in 2013. The kit is still available, and these days it seems to be marketed as a fun activity for kids—on the manufacturer’s website, it’s labelled as being for “Grade 9+” and “[Requiring] supervision.” If the idea of a bunch of 15-year-olds performing surgery on cockroaches makes you kinda queasy—supervision or not—well, you’re not alone.
Let’s get back to the Nanyang Technological University, where the experiments are presumably not being conducted by middle-schoolers. If you’ve ever wondered how a cockroach breathes, the paper explains that “like most terrestrial insects, [they] breathe through thoracic spiracles that take in oxygen directly from the air.” The “diving suit” is basically a flexible waterproof shell into which a miniature oxygen generator pumps oxygen, effectively creating a tiny breathing bubble around the insect’s air-intake thingamajigs. This allowed the insect to breathe underwater for up to three hours, although it seems there were some initial, um, design issues to sort out: “Dorsal mounting of the oxygen generator on the cockroach created significant water-resistance during underwater locomotion… causing postural instability and rollover.” Once this issue was resolved, it seems the roaches got on just fine underwater, exhibiting “stable and smooth underwater walking without rollover.” The researchers conclude that the idea is a winner, and that it could be “potentially extended to other terrestrial cyborg insect platforms, such as [other] cockroaches, locusts and beetles.” Amphibious locusts! What could possibly go wrong? #Scientists #Built #Amphibious #Cyborg #Cockroaches #Regret #Inform #Workcockroaches,cyborgs](https://gizmodo.com/app/uploads/2026/07/cyborg-cockroach-1280x853.png)
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