On Thursday, financial technology company, Revolut secured US$800 million in Series E Funding. This was led by two new investors, Japan’s SoftBank Vision Fund 2 and American investment firm, Tiger Global Management, LCC. The latest funding round has bolstered Revolut’s valuation to US$33 billion. It is now the UK’s largest private tech group.
This neobank offers facilities ranging from international transfers and multi currency accounts for businesses to crypto. Revolut has gained over 15 million personal customers in six years. With features like commission-free trading and a junior account service that is aimed at teaching 12 to 17 year olds how to manage their spendings and develop healthy money habits, they have rapidly increased their user base.
Inception of Revolut