Private Markets, Angel and Secondary Investing, Sacra

Sacra

Bringing transparency to private markets so investors, founders, and employees can build on conviction.

Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Revolut generated $6B in 2025 revenue, up 50% YoY from $4B, with pre-tax profit up 57% to $2.3B (38% margin), 70M+ retail customers (+30% YoY) and customer balances of $67.5B (+66% YoY), valued at $75B as of its $3B raise in November 2025 for a 12.5x revenue multiple.</li><li>After Wealth (crypto + stocks) was Revolut's breakout business in 2024 at 298% YoY growth, it slowed to 31% YoY in 2025 with the crypto decline, Revolut is increasingly building a diversified fee-based platform where 1) it is less dependent on interest rates, and 2) no single product line dominates, with subscriptions growing the fastest in 2025 to $936M (+67%, ~16% of revenue), followed by card payments at $1.3B (+45%, ~22%) and FX at $800M (+43%, ~13%), with the company now having 11 separate product lines each generating $135M+ per year.</li><li>B2B is becoming a real second act, with Revolut Business reaching 767K customers in FY2025, hitting $1B in annualized revenue by late 2025, processing $365B in volume across payments, FX, cards and software, and expanding in April 2026 into employer of record with GlobalHire to go after Deel.</li></ul>

Revolut generated $6B in 2025 revenue, up 50% YoY from $4B, with pre-tax profit up 57% to $2.3B (38% margin), 70M+ retail customers (+30% YoY) and customer balances of $67.5B (+66% YoY), valued at $75B as of its $3B raise in November 2025 for a 12.5x revenue multiple.After Wealth (crypto + stocks) was Revolut's breakout business in 2024 at 298% YoY growth, it slowed to 31% YoY in 2025 with the crypto decline, Revolut is increasingly building a diversified fee-based platform where 1) it is less dependent on interest rates, and 2) no single product line dominates, with subscriptions growing the fastest in 2025 to $936M (+67%, ~16% of revenue), followed by card payments at $1.3B (+45%, ~22%) and FX at $800M (+43%, ~13%), with the company now having 11 separate product lines each generating $135M+ per year.B2B is becoming a real second act, with Revolut Business reaching 767K customers in FY2025, hitting $1B in annualized revenue by late 2025, processing $365B in volume across payments, FX, cards and software, and expanding in April 2026 into employer of record with GlobalHire to go after Deel.

Revolut

Revolut At $6B/year Growing 50% YoY