8 years ago

Revolut Secures $66 Million Series B Funding to Expand Global Banking Alternative

  • Revolut, a fintech company offering a comprehensive mobile banking app, has raised $66 million in Series B funding led by Index Ventures, with participation from existing investors Balderton Capital and Ribbit Capital

  • The company, which has raised a total of $83 million, provides services like money transfer, currency exchange, virtual cards, bill splitting, and more, aiming to be a full-fledged financial platform

  • Revolut plans to expand to new countries in Asia and North America with the new funding.

      • ProblemFinancial Services

      "Traditional banks are slow, expensive, and inconvenient for people who travel or live abroad. They also make it difficult to manage multiple currencies, send and receive money internationally, and track expenses."

      Solution

      "Revolut is a mobile app that lets you send and receive money in multiple currencies, pay for things with your phone, and get a virtual or physical card. It also lets you manage your finances, invest in cryptocurrencies, and get travel insurance. The app is designed to be fast, easy, and affordable. "

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