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Revolut: Raises $80M In New Funding, Now Valued At $5.5B | Fintech InShorts: Latest fintech news, analysis by experts

Revolut: Launches 'Goals' on Revolut Junior

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Revolut: Raises $80M In New Funding, Now Valued At $5.5B

By Steve Sam

July 25, 2020

Revolut: Raises $80M In New Funding, Now Valued At $5.5B

In February, Revolut raised $500M in a round led by Menlo Park, California-based TCV, one of the largest growth equity firms
The new funding is an extension of that round to $580M while the valuation remains the same, the company said
Revolut also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London
Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad
The financial technology (FinTech) company has expanded its portfolio to also offer business banking
Revolut is an app-based consumer bank account that allows customers to send and receive money and use built-in budgeting tools

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Singapore-based fintech start-up WSPN bags $30m seed funding

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ABN Amro goes live with CBA’s IBAS TDD software and nCino’s cloud banking platform

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