Startup Revolut is Now Worth $1.7 Billion
Financial technology startup Revolut has raised $250 million in a blockbuster "Series C" funding round. The investment values Revolut at $1.7 billion, which means the 33-month-old company has grown its valuation by more than five times in a year. CEO and founder Nikolay Storonsky stated:
"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."
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