9 years ago

Revolut Raises €8.9 Million in Series A Funding, Including Crowdfunding Campaign for Users

  • Revolut, a global payments startup, is raising €8.9 million in a Series A funding round

  • The round includes a €1.1 million crowdfunding campaign open to Revolut users, allowing them to invest alongside top VCs like Balderton Capital and Ribbit Capital

  • Revolut has gained traction for its transparent and mobile-first banking services, attracting over 200,000 users without marketing

  • The company plans to use the funds for expansion across Europe and to develop new products for businesses.

      • ProblemFinancial Services

      "Traditional banks charge high fees for international money transfers and currency exchange. This makes it expensive for people who travel frequently or work with international clients."

      Solution

      "Revolut offers a mobile app that allows users to exchange currencies at interbank rates, send money to contacts, and spend with a multi-currency Mastercard. All of this is done at the touch of a button, with no fees."

      Covered on