Revolut Secures $250M Funding at $1.7B Valuation

Apr 26th, 2018Funding
  • Revolut completed a Series C funding round, raising $250 million, escalating its valuation to $1.7 billion.

  • With the new funding, Revolut aims to expand its customer base to 100 million in the next five years.

  • The fintech company shows rapid growth, processing $1.8 billion monthly and acquiring 6,000 to 8,000 new users daily.

  • Recent product launches include cryptocurrency trading and a savings feature called 'Vault'.

  • Plans for global expansion include entering the markets of the United States, Canada, Singapore, Hong Kong, and Australia in 2018.