Revolut Raises $500M To Reach $5.5B Valuation

968 645 Scrooger

British fintech startup Revolut reportedly raised $500 million in a new round of funding, lifting its valuation to $5.5 billion.

Revolut wants to bring in 100 million customers in the next five years and expand outside of Europe, CEO Nik Storonsky told Bloomberg TV on Tuesday.

The new round brings Revolut’s total funding to about $837 million, according to Crunchbase. Its last valuation was $1.5 billion, but with its new $5.5 billion price tag, it’s tied with Swedish payment installment startup Klarna for the title of Europe’s most valuable fintech startup, according to Bloomberg.

TCV led the new round, and the company is also backed by investors like Index Ventures, TriplePoint Capital and DST Global. It last raised a $250 million Series C, led by DST Global, in April 2018.

Revolut has more than 10 million customers and has processed more than 350 million transactions, according to the company’s website.

Source: Crunchbase

Privacy Preferences

When you visit our website, it may store information through your browser from specific services, usually in the form of cookies. Here you can change your Privacy preferences. It is worth noting that blocking some types of cookies may impact your experience on our website and the services we are able to offer.

Click to enable/disable Google Analytics tracking code.
Click to enable/disable Google Fonts.
Click to enable/disable Google Maps.
Click to enable/disable video embeds.
Our website uses cookies, mainly from 3rd party services. Define your Privacy Preferences and/or agree to our use of cookies.