Revolut Closes $800 Million in Funding at $33 Billion Valuation

Fazzaco learned that Revolut, UK-based global fintech, has raised $800 million in a fresh funding round led by SoftBank’s Vision Fund and Tiger Global Management. The valuation is expected to reach $33 billion.

The Revolut’s news comes after the company was reported in detailed talks with SoftBank's Vision Fund 2​ and several other prominent investors for the injection of fresh capital that could value the firm at well over $30bn.  

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According to the fintech company, it will use the investment in marketing, product development and international expansion. Revolut has made its position strong in the company’s existing UK and European markets. The company is now focused on its international expansion, particularly in the United States and India.

Nikolay Storonsky, Co-Founder and CEO, commented, “SoftBank and Tiger Global’s investments are an endorsement of our mission to create a global financial super app that enables customers to manage all their financial needs through a single platform.”