Revolut Secures $250M Funding at $1.7B Valuation
Apr 26th, 2018Funding
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Revolut completed a Series C funding round, raising $250 million, escalating its valuation to $1.7 billion.
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With the new funding, Revolut aims to expand its customer base to 100 million in the next five years.
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The fintech company shows rapid growth, processing $1.8 billion monthly and acquiring 6,000 to 8,000 new users daily.
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Recent product launches include cryptocurrency trading and a savings feature called 'Vault'.
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Plans for global expansion include entering the markets of the United States, Canada, Singapore, Hong Kong, and Australia in 2018.
