Silicon Canals
No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Community partners
    • Amsterdam
    • Rise by Techleap.nl
    • EOR handbook by Atlas HXM
    • Guest Contributions
    • Business Wire
    • Sign up for our newsletter!
  • Global Jobs
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Contribute your content
    • Team
    • About us
  • Partner with us
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Community partners
    • Amsterdam
    • Rise by Techleap.nl
    • EOR handbook by Atlas HXM
    • Guest Contributions
    • Business Wire
    • Sign up for our newsletter!
  • Global Jobs
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Contribute your content
    • Team
    • About us
  • Partner with us
No Result
View All Result
Silicon Canals
No Result
View All Result

London-based fintech firm Revolut valued at €5.5B after latest funding

Editorial team by Editorial team
February 18, 2020
in News, (Crowd)funding, FinTech, Startups
Top 10 thriving UK tech companies in 2020
274
SHARES
LinkedInTwitterWhatsAppFacebook
Read this article in:

Revolut, known as one of the UK’s Big Three in digital banking, has tripled its valuation recently to $6 billion (approx €5.5 billion) after raising $500 million (approx €462 million) in funding. The company raised the amount by selling new shares, according to filings.

Notably, Revolut is far ahead in terms of valuation when compared to its rival Monzo, which is somewhere around $2.5 billion (approx €2.3 billion). It’s worth mentioning that the London-based fintech is expected to announce the result officially somewhere around next week.

Furthermore, the fintech company also got new backing from Bond Capital, a growth fund cofounded by venture capital veteran Mary Meeker. According to the filings, existing investors, Ribbit Capital, took part as well. Notably, Technology Crossover Ventures appears to have led the round as well, contributing around $150 million (approx €139 million).

To date, Revolut has raised approximately $340 million (approx €313 billion) in investments, from notable venture capital firms including Index Ventures, Ribbit Capital, Balderton Capital and DST Global

- Partner content -
Atlas HXM EOR Employee of Record
How EOR is becoming a crucial tool in 2023
EOR gains importance as companies digitise and hire globally. Learn from industry leaders...Show More
EOR gains importance as companies digitise and hire globally. Learn from industry leaders using EOR with Atlas HXM.Show Less
Read more

Revolut was launched in July 2015 by former Credit Suisse and Deutsche Bank investment bankers, Nik Storonsky and Vlad Yatsenko, as a digital alternative to the big banks. This UK fintech startup offers a pre-paid debit card, currency exchange, and peer-to-peer payments. It is on a mission to build an open and frictionless platform to use and manage money around the world.

It has developed a platform allowing users to transfer, exchange, and spend money with a multi-currency card that is accepted everywhere. The company currently supports spending and ATM withdrawals in 120 currencies and sending in 26 currencies directly from the mobile app.

Main image picture credits: Revolut

Source: The Telegraph

Stay tuned to Silicon Canals for more European technology news

 - Partner content -
How to succesfully outsource…
How to succesfully outsource…
...your recruitment or product development with our curated community partners!
...your recruitment or product development with our curated community partners! Show Less
Read more
Tags: FinTechfundinglondon
Share18Tweet65SendShare118

Partner with us | Download Media Kit

Thank you for visiting Silicon Canals! If you want to partner with us, look at our options.

Featured | Tech Events

Current Month

october, 2023

Silicon Canals | Jobs

Breaking news from Amsterdam | Partner

Invest-NL secures €350M in guarantees for Dutch sustainable ventures through InvestEU partnership: Know more

Looking for a job in Amsterdam? These unicorns are hiring currently hiring

Amsterdam’s hypeal.com raises €188K to reshape the way digital assets are utilised

Partner content | Work with us

Amsterdam-based startups that raised funding in September; some are hiring right now

Amsterdam’s Framer secures €25.5M to scale its no-code website building platform

Product Spotlight: Fairphone 5 with co-founder Miquel Ballester

  • About Silicon Canals
  • Partner with Silicon Canals
  • Impressum
  • Contact us
  • Sign up for our newsletter!
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Community partners
    • Amsterdam
    • Rise by Techleap.nl
    • EOR handbook by Atlas HXM
    • Guest Contributions
    • Business Wire
    • Sign up for our newsletter!
  • Global Jobs
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Contribute your content
    • Team
    • About us
  • Partner with us

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

X
X