Digital-Banking Startup Revolut Is Worth $1.7 Billion With New Funding
- Digital banking startup raises $250 million from investors
- Plans global expansion; targets 100 million customers by 2023
Photographer: Nikada/iStockphoto via Getty Images
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In one of the biggest fundraising rounds for a European fintech this year, Revolut Ltd., a U.K. startup that provides digital banking, received $250 million.
The Series C funding, led by Hong Kong-based DST Global and joined by longtime backers such as Index Ventures and Ribbit Capital, values the three-year-old company at $1.7 billion, Revolut said in a statement Thursday.