7 years ago

Revolut Secures $250 Million Series C Funding at $1.7 Billion Valuation

  • Revolut, a London-based fintech company, has raised $250 million in Series C funding at a valuation of $1.7 billion

  • The funding was led by DST Global and included participation from Index Ventures and Ribbit Capital

  • Revolut offers a digital banking account and a variety of other financial services, including currency exchange, international money transfers, and cryptocurrency trading

  • The company plans to use the funding to expand into new markets, including the U.S., Canada, Singapore, Hong Kong, and Australia.

      • ProblemFinancial Services

      "Traditional banks are slow, expensive and inflexible when it comes to managing your money."

      Solution

      "Revolut is a digital bank that provides all the features of a traditional bank but with a focus on simplicity, low fees and speed. Revolut makes it easy to manage your money, send and receive payments, and spend money abroad."

      Covered on