The company's valuation increased 6 times — in 2020 it was $5,5 billion, now it is $33 billion, writes TechCrunch. As a result, Revolut became the most expensive fintech startup in Great Britain, and its co-founder, Ukrainian Vlad Yatsenko, became a billionaire.
The investors in the new round were the Japanese conglomerate SoftBank Vision Fund 2 and the American hedge fund Tiger Global Management.
According to Forbes, Yatsenko's stake in the company after the close of the round may be 3,87% and is now estimated at $1,3 billion.
The raised funds Revolut plans to invest in the development of products and services, promotion and international expansion with an emphasis on growth in the USA and India.
About Revolut
Revolut is a British fintech startup launched in 2015 by Ukrainian Vlad Yatsenko and Russian Nikolai Storonsky.
Its product is neobank: all operations with cards are carried out in the application of the same name on a smartphone. By 2021, the company has more than 16 million customers and 150 million transactions per month.
In May 2021, Revolut launched transfers to Ukraine and actively recruited a Kyiv team. The company hires specialists mainly for remote work. Open vacancies can be viewed on the official Revolut website.
