Revolut crypto-friendly neobank raises $ 500 million

Revolut, the UK digital bank that we no longer present and which allows us to invest in cryptocurrencies like Bitcoin, has lifted $ 500 million during a Series D financing round.

Last fall, Revolut announced his intention to collect $ 500 million to accelerate its international expansion.

It’s now done, reports TechCrunch, with a fundraising of $ 500 million, promoting the neobank, which claims more than 10 million customers, $ 5.5 billion.

During 2019, the mobile application that allows you to open a Bank account, exchange fiat currency (euro, dollar, pound, etc.) or even invest in crypto-currencies (Bitcoin, Ethereum, Ripple ..), saw its number of users increase by more than 150%.

Following the operation, Revolut announced to use the funding to improve its current products and offer new ones. The FinTech evokes in particular a future loan service.

Our mission is to create a global financial platform – a unique application where our clients can manage their finances, and this investment demonstrates investor confidence in our business model, ”commented Revolut CEO and co-founder Nik Storonsky.

This autumn, Revolut has entered into a partnership with the payment specialist MasterCard to issue credit cards in the United States.