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.