5 years ago

Revolut Secures $80 Million in Series D Extension to Fuel European Expansion

  • Fintech startup Revolut has raised an additional $80 million in an extension of its Series D funding round, bringing the total raised to $580 million

  • The new investment comes from TSG Consumer Partners

  • The company's valuation remains at $5.5 billion after the extension

  • Revolut plans to use the funds to expand its banking operations in Europe and add new features in the US.

      • ProblemFinancial Services

      "making traditional bank accounts outdated and replacing them with a financial service that's more accessible and user-friendly"

      Solution

      "a financial service allowing users to open an account from an app, receive, send and spend money, exchange currencies, and access additional features such as insurance, travel medical insurance, cryptocurrency buying, share buying, charity donations, and savings"

      Covered on