Revolut plans to raise more than $ 20 billion in fundraising – .

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Revolut plans to raise more than $ 20 billion in fundraising – .


Revolut Ltd. is in the early stages of a fundraiser that could value the UK company at $ 20 billion or more, people familiar with the matter have said, as investor cash flows into fintechs.
The company has had preliminary discussions with investors about the fundraising, although no final decisions on the timing or amount have been made, the people said, asking not to be identified as deliberations are private. . A representative for Revolut declined to comment.

Revolut CEO Nikolay Storonsky said in an interview with Bloomberg this month that the company is considering further fundraising, but refused to discuss further. Sky News reported in April that Revolut was seeking a valuation of more than $ 10 billion.

New money would increase London-based Revolut’s valuation several times over in a 2020 fundraiser when the digital banking company raised $ 500 million, which gives it a value of $ 5.5 billion. The new valuation would make Revolut the UK’s most valuable startup, surpassing Checkout.com’s $ 15 billion mark.

Vague Fintech

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