8 years ago

Revolut Raises $5.3 Million in Oversubscribed Crowdfunding Campaign

  • Fintech startup Revolut has raised $5.3 million through a crowdfunding campaign on Seedrs, exceeding its target in less than 24 hours

  • The company was looking for £4 million but received interest from 40,000 customers, representing $22.3 million (£17 million)

  • Revolut will limit the campaign to its initial goal, attracting 4,000 to 10,000 investors

  • Notable investors include tennis player Andy Murray, who has a strategy partnership with Seedrs

  • Revolut, with 750,000 users, plans to use the funds to expand its services, including adding support for cryptocurrencies, stocks, and bonds, as well as expanding to North America and Asia.

      • ProblemFinancial Services

      "Making global financial services more accessible and convenient, especially for people who travel and need to manage multiple currencies."

      Solution

      "Revolut offers a digital wallet that allows users to send, receive, and exchange money in multiple currencies. It also provides features like virtual and physical cards, personal IBANs, travel insurance, and plans to expand into cryptocurrency, stocks, and bonds. "

      Covered on