The new Series C round was led by Hong Kong based DST Global alongside a portfolio of new and existing investors including Index Ventures and Ribbit Capital. The latest cash injection brings the total amount raised by Revolut to $340 million since the company launched three years ago.
Starting life as a money-transfer platform, Revolut has moved further into traditional banking territory through a series of smart incremental add-ons to its product portfolio. In the last few months alone, the company has added features that allow customers to instantly buy and sell cryptocurrencies as well as a savings app for rounding up spare change from daily transactions. Nik Storonsky, founder & CEO at Revolut says: “Our focus, since we launched, has been to do everything completely opposite to traditional banks. We build world class tech that puts people back in control of their finances, we speak to our customers like humans and we’re never afraid to challenge old thinking in order to innovate.”
