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Revolut in Talks With SoftBank for Investment at $30B+ Valuation: Report

Aggiornato 14 set 2021, 1:20 p.m. Pubblicato 4 lug 2021, 1:31 p.m. Tradotto da IA
Revolut cards

U.K.-based digital bank Revolut is in “detailed talks” with SoftBank about a fundraising round that could value the firm at between $30 billion and $40 billion, according to a Sky News report.

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  • Revolut and its advisers have asked investors at SoftBank's Vision Fund 2 to submit proposals for an investment of $750 million to $1 billion with a deal expected to be “some weeks” away.
  • Last month, Bloomberg reported that the firm was in the early stages of talks with investors about a deal that could see the six-year-old digital bank valued at more than $20 billion.
  • While it was unknown who else Revolut was in talks with, the size of the proposed SoftBank investment would seem to indicate that only Tiger Global Management and Dragoneer Investment Group would have the wherewithal to make similar proposals, Sky News said.
  • The SoftBank Vision Fund 2 has backed companies such as Uber Technologies as well as the buy-now-pay-later platform Klarna.
  • Last week, Mercado Bitcoin, the largest bitcoin exchange in Brazil, raised $200 million in a Series B fundraising round from the SoftBank Latin America Fund.
  • Revolut first began offering crypto trading in 2017.

Read more: Revolut Adds Dogecoin to Crypto Offering

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Goldman Sachs' David Solomon says he owns 'very little' bitcoin but watching it closely

Goldman Sachs CEO David Solomon at the Liberty World forum in Palm Beach. (CoinDesk)

“I’m an observer of bitcoin,” Solomon said at the World Liberty Forum on Wednesday, saying he's still trying to understand how it moves.

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  • Goldman Sachs CEO David Solomon said he owns only a small amount of bitcoin but is closely watching the cryptocurrency as part of a broader shift in financial technology.
  • Solomon argued that traditional finance and crypto are part of a single evolving system, with tokenization poised to play a central role in future market infrastructure.
  • He said Goldman’s limited crypto involvement has been driven largely by what he called prohibitive regulation, warning that excessive rules can drain capital from the financial system even as he urged a thoughtful approach.