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Revolut is weighing buying a US lender in a bid to get an American banking licence rapidly, as the UK’s biggest fintech continues its wait to clinch a similar accreditation in its home country. According to the FT.

FT article says the company's valuation has grown "significantly higher" than $1bn.

"Poland in talks for stake in satellite company that helped Ukraine resist Russia"

The Australian-listed share registrar Computershare is among a pack of suitors circling PrimaryBid, one of the most prominent British fintech businesses to be established during the last decade.

Revolut, the UK-based fintech, is in talks to raise approximately USD 1bn in funding at a USD 65bn valuation, The Financial Times reported, citing sources familiar with the talks. Greenoaks, a US investment firm, is in talks to lead the funding round, one source said, noting that details weren't yet finalised.

Mubadala, the Abu Dhabi sovereign investor, is in talks to snap up a $100m (£73m) stake in Revolut, the digital bank and payments group which is now valued at over £33bn.

Sky News has learnt that Mubadala is in advanced discussions to acquire shares in the company from existing investors.

Satellite launch service company Isar Aerospace today announced that it has signed an agreement with Eldridge Industries for a convertible bond of EUR 150m. The company has obtained all necessary regulatory approval for implementing the agreement. The investment will enable Isar Aerospace to expand its flexible and cost-efficient launch service offerings for its global clientele, while simultaneously strengthening sovereign European access to space.

Rheinmetall and the globally leading SAR satellite manufacturer ICEYE are further intensifying their cooperation. The two companies intend to establish a joint venture for satellite production. A memorandum of understanding to this effect was signed on May 8, 2025.

Rheinmetall is to be the majority shareholder in the new joint venture named Rheinmetall ICEYE Space Solutions with 60 per cent of the shares, while ICEYE will hold 40 per cent. The foundation is still subject to definitive agreements and official approvals.

Aktiia, a blood pressure intelligence platform, announces an oversubscribed $42 million (over CHF 34 million) Series B funding round, co-led by Earlybird Health and Wellington Partners, with new investors Kfund and naturalX Health Ventures, and participation from existing investors redalpine, Khosla Ventures, Molten Ventures, Translink Capital and Verve Ventures. The investment, which has brought the total financing to date above $100 million, will accelerate the company's mission to manage the world's blood pressure.

Revolut recently rejected investor interest that would have given it around a $65 billion valuation, sources tell Axios. The neobank was last valued at $45 billion via a 2024 secondary sale. We've learned that an investor earlier this year offered to acquire hundreds of millions of secondary shares from early Revolut backers at the nosebleed price. It required the company's go-ahead, which Revolut denied. This all came before the company announced $4 billion in 2024 revenue, and $1 billion in net income, doubling from last year. Revolut declined to comment.

ZOZO, a Chiba, Japan-based online apparel platform operator, announced on 9 April it is acquiring Lyst, a UK-based online fashion platform, for USD 154m.

ZOZO will acquire 100.0% of the shares in Lyst from existing shareholders including private equity firm Molten Ventures (holder of a 13.9% stake), 14W Ventures (10.5% stake), private equity firm Balderton Capital (10.2% stake) and others on 30 April (scheduled).

The corporate gifting platform &Open has raised an additional €4.5 million from existing investors to bring total fundraising to date to €45 million.

The new financing comes as part of a Series A extension round. The company previously raised $26 million in its Series A in June 2022.

Molten Ventures (LSE: GROW, Euronext Dublin: GRW), a leading venture capital firm investing in and developing high-growth digital technology businesses, today announces that Freetrade, the fast-growing, commission free self-directed investment platform, has agreed terms to be acquired by the FTSE 250 company IG Group (LSE: IGG) which provides online trading platforms and educational resources around the globe.

Molten first invested in Freetrade in the Series A in 2019. This deal values Molten's stake 30% above the 30 September 2024 holding value of £17 million and will deliver a 1.6x multiple on invested capital. Completion is subject to regulatory approvals, with proceeds currently expected in mid-2025.

Including the anticipated proceeds from this transaction, the Group's realisations during the current financial year now stand at over £150 million, subject to regulatory approval, exceeding the original guidance given of £100 million. These realisations have delivered on average a 2.5x multiple on invested capital providing further validation for Molten's valuation process, investment approach and active portfolio management. Molten will continue to deploy proceeds from realisations into exceptional primary and secondary investments.

In line with our previously stated intentions to allocate a minimum of 10% of realisation proceeds towards share buybacks, Molten Ventures intends to commence a further £5 million share repurchase programme (the “Programme”). The Company will continue to keep its capital allocation policy under review, balancing the pipeline of new investment opportunities against the ability to drive returns to shareholders through the Programme whilst maintaining sufficient reserves.

Ben Wilkinson, Chief Executive Officer of Molten Ventures, commented:

"As part of our approach to active portfolio management, we have worked closely with Freetrade over the years to support their growth and success. This exit is a strong start to 2025 for Molten and our ability to back and scale leading digital businesses. The additional capital resources will enable us to commence a further share repurchase programme, recognising the prevailing discounted levels of our shares.”

I think the write-down was only a 1% write-down, with the remainder being FX related. This follows a decent write-up in FY24. In the interims Molten said ICEYE raised capital at a higher valuation. You'd imagine, by its nature, that this extension round was done at the same valuation (i.e. higher).

Not a major positive, but validation of NAV for a core portfolio company.

ICEYE announced yesterday (Wed 18th) that it has closed a $65M extension of the company's earlier growth funding round of $93M, announced in April 2024.

The £10m buyback finished on Monday.

Separately, Fidelity reduced their holding from 3.08% to 2.85%, having increased their position from 2.98% to 3.08% on 24 May 2024 (when the share price was

"British Patient Capital is making the investment, which closes out Form3’s Series C at $220 million. Others in the round include a mix of notable strategic and financial investors such as Visa, Goldman Sachs, MasterCard, Barclays, Molten Ventures and 83North. Sources familiar with the matter told TechCrunch that the startup is valued in the region of $570 million post-money. "

FT article stating Revolut has secured a $45bn valuation in a share sale by employees. Molten's latest carrying value for Revolut is no more than $20bn.

Haveli Investments and Bregal Milestone Lead Majority Recapitalization of M-Files Corporation

“We are grateful for the partnership from Partech, Tesi and Molten Ventures and look forward to collaborating with the strong investment and operating teams at Haveli Investments and Bregal Milestone in the next phase of our growth. We aim to expand the reach and impact of our next-generation content management platform that provides advanced collaboration and productivity capabilities for our customers.”

Riverlane, a Molten core portfolio company, has raised $75m in a Series C funding round, with the valuation reported to be above $400m. As at 31 March 2024 Molten were valuing its stake at £15.8m, with a interest in the range of 6-10%. A valuation of $400m would imply Molten's stake is worth £19m-£32m.

Barclays still have their target price at 330p, they have the diluted NAV per share as 660p