What is Revolut?
Founded in 2015, Revolut has rapidly transformed the traditional banking landscape by offering a comprehensive suite of digital financial services through its mobile application. The company provides services ranging from currency exchange and cryptocurrency trading to payments and money transfers. Revolut's global expansion across Europe, North America, Asia, and Australia highlights its commitment to delivering accessible, user-friendly financial tools. Its business practices also emphasize a dedication to sustainability, integrating innovative technology with responsible financial operations.
How much funding has Revolut raised?
Revolut has raised a total of $2.7B across 13 funding rounds:
Private Equity
$2.3M
Multiple Rounds
$22.5M
Series B
$66M
Other Financing Round
$5.3M
Series C
$250M
Other Financing Round
$336M
Series D
$580M
Other Financing Round
$500M
Series E
$800M
Other Financing Round
$110M
Private Equity (2015): $2.3M with participation from Balderton Capital
Angel/Seed (2016): $8.7M led by Point Nine, Index Ventures, Balderton Capital LLP, and Seedcamp
Other Financing Round (2016): $2.5M supported by Balderton Capital, Point Nine, Seedcamp, and Index Ventures
Series A (2016): $10M featuring Point Nine, Index Ventures, Seedcamp, Balderton Capital, and Ribbit Capital
Other Financing Round (2016): $1.3M backed by Crowdcube
Series B (2017): $66M with participation from Index Ventures, Balderton Capital, and Ribbit Capital
Other Financing Round (2017): $5.3M led by RML CAPITAL
Series C (2018): $250M, investors not publicly disclosed
Other Financing Round (2018): $336M featuring VCs
Series D (2020): $580M backed by Technology Crossover Ventures
Other Financing Round (2020): $500M with participation from Technology Crossover Ventures
Series E (2021): $800M led by Softbank Vision Fund 2 and Tiger Global
Other Financing Round (2024): $110M, investors not publicly disclosed
Key Investors in Revolut
Technology Crossover Ventures
Technology Crossover Ventures (TVC) is a venture capital firm specializing in acquisitions, mergers, and recapitalization for technology companies, indicating a focus on mature growth-stage investments.
Index Ventures
Index Ventures is a venture firm that invests in entrepreneurs from seed to IPO, partnering with founders to build enduring companies and has backed notable firms like Adyen and Robinhood.
Balderton Capital
Balderton Capital is a London-based venture capital firm focused on early-stage, high-growth technology companies across Europe, typically leading Seed and Series A rounds.
What's next for Revolut?
With the recent strategic investment, Revolut is well-positioned to accelerate its product development, enhance its global service offerings, and potentially explore new market opportunities. The company's consistent access to significant capital indicates strong investor confidence in its business model and future prospects. Future strategic moves may involve further technological innovation, expanding its suite of financial products, and solidifying its competitive advantage in the rapidly evolving fintech industry.
See full Revolut company page
