5 years ago

Revolut Raises $500 Million at $5.5 Billion Valuation

  • Revolut, a British fintech company, has raised $500 million in a Series D funding round at a valuation of $5.5 billion

  • The funding round was led by US venture firm TCV

  • Revolut's new valuation makes it the most highly valued fintech in Europe, alongside Swedish lender Klarna

  • The article discusses the valuation of Revolut in relation to other fintech companies and its future profitability.

      • ProblemFinancial Services

      "Many people still have to pay high fees for banking services and FX transactions, especially when they are abroad."

      Solution

      "Revolut offers a mobile app that allows users to manage their finances, send and receive money, make payments, and spend money in different currencies without paying high fees."

      Covered on