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Online Bank Revolut attracted $ 800 million when estimated at $ 33 billion
The British fintech company Revolut attracted $ 800 million as part of the next investment round, which was headed by SoftBank (via Vision Fund 2) and Tiger Global Management, Sky News reports.
According to the results of the transaction, the capitalization of the online bank was estimated at $ 33 billion, which made it the most valuable financial company of Great Britain and the second most market value in Europe.
The publication of Sky News was drawn to the Minister of Finance of Great Britain Rishi Sunak. He noted the success of Revolut and stated that the United Kingdom is interested in the development of the innovative sector.
Good News that @revolutapp Has Raise $ 800m and Plans to Expand Even Further – Creating More Jobs Here in the Uk.
We Want to See Even More Great British Fintech Success Stories, Which Isve Publined My Vision for the Future of the Security.https: // t.Co/Zpiecu2Zyn https: // t.CO/YXFY4BPEW
– Rishi Sunak (@rishisunak) July 15, 2021
Recreation Revolut is six times higher than the cost of the company in July 2020. Then she attracted funding from the American TSG Consumer Partners, which estimated Nikolai Pepperky’s business at $ 5.4 billion, according to Crunchbase.
In April, Sky News reported on Revolut plans to carry out a rang of funds when evaluating $ 10-15 billion. According to the sources of the channel, the company managed to increase the bar when the cost of the Swedish Klarna exceeded $ 46 billion.
Revolut will direct the money received from investors for international expansion, the development of new products and financing marketing efforts, CNBC reports with reference to the financial director of the Mikko Salovair company. According to him, Revolut is focused on accelerating growth in the USA and India.
The company attracted investment against the background of an increase in losses, as well as the growth of revenue and the client base. In Еще больше россиян 2020, Revolut recorded a loss of taxes of $ 289 million. The organization’s income increased by 57%, and the number of users by 127%.
Earlier online Bank launched the trade in nine Defi toxenes, including AAVE, Sushi, 1inch and Comp.
Recall that in May Revolut introduced a beta version of the service that allows you to display bitcoins purchased on the platform.