Revolut Raises $800M in Series Unknown
Revolut has successfully raised $800M in a Series Unknown at a $33B valuation led by Coatue, D1 Capital Partners, Tiger Global.
Company Overview
Revolut is a FinTech company headquartered in 7 Westferry Circus, London E14 4HD, United Kingdom, founded in 2015 with 8000+ employees.
Digital banking app
Fundraising Details
- Amount Raised: $800M
- Round Type: Series Unknown
- Valuation: $33B
- Date: 2024-08-05
- Investors: Coatue, D1 Capital Partners, Tiger Global
About Revolut
Digital banking app The company is positioned in the FinTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 7 Westferry Circus, London E14 4HD, United Kingdom
- Founded: 2015
- Team Size: 8000+
- Industry: FinTech
What This Means
This funding round demonstrates strong investor confidence in Revolut's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The FinTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Revolut's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $33B valuation marks an important milestone for Revolut, positioning the company among notable players in the FinTech industry.
Looking Ahead
With this new capital, Revolut is well-positioned to execute on its growth strategy and continue building innovative solutions in the FinTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-08-05. For more information about Revolut, visit their headquarters at 7 Westferry Circus, London E14 4HD, United Kingdom.
