19.4 C
June 25, 2022
Finance Technologies

Revolut valued at $5bn by investors ahead of new fundraising

Challenger Revolut is on its way to a $5 billion valuation according to the investor leading its upcoming funding round, which is expected to raise $500 million with the addition of a $1 billion convertible loan from JP Morgan. Investor Technology Crossover Ventures (TCV) shared documents with Financial News which confirmed the round is expected to close in January and will leave the digital bank with a valuation nearly three times its last estimated valuation of $1.7 billion in April 2018. TCV raised a $3 billion fund in January 2019 dedicated to fast-growing tech companies like Revolut This may come as a…
Revolut valued at bn by investors ahead of new fundraising

Related posts

What I learned from a chatbot about the future of digital banking

Amme Jhonson

Tinkoff and Sberbank share mobile numbers for P2P payments

Amme Jhonson

Nordic API Gateway first Danish fintech to land PISP licence

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy