Revolut Raises US$800 Million in Series E Fundraise, Valuing It at US$33 Billionby Fintechnews Switzerland July 16, 2021
Revolut, the financial superapp with more than 16 million customers worldwide, announced an US$800 million series E funding round, valuing the business at US$33 billion.
The new funding round brings onboard two new investors, SoftBank Vision Fund 2 and Tiger Global Management.
The investment will enable the company to further its growth plans, in particular its ongoing product innovation aimed at meeting customers’ everyday financial needs and aspirations, from quick and easy global transfers, to managing everything from savings to insurance, to democratising wealth and trading.
It will also support the expansion of Revolut’s offering to US customers and its entry to India as well as other international markets.
Nikolay Storonsky, Founder & CEO of Revolut said,
“SoftBank and Tiger Global’s investments are an endorsement of our mission to create a global financial superapp that enables customers to manage all their financial needs through a single platform.
This funding round makes Revolut the UK’s most valuable fintech, demonstrating investors’ confidence that we can deliver products that raise the bar for customers’ expectations across the whole financial services industry.”