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Revolut Looks to Investors for Growth

The crypto-friendly investing app provider Revolut is in discussion with investors to raise $500 million in new funding for global expansion, including the U.S. and Japan.

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Revolut co-founder and CEO Nikolay Storonsky told Reuters in an interview on Tuesday that the firm has done soft marketing with investors and is continuing doing it, “so hopefully in the next several months, we’ll get the fundraising done.”

Revolut claims to serve over 8 million customers and is currently offering both cryptocurrency and stock trading services via its apps. The firm recently also partnered with payments giant Visa and Mastercard to launch debit cards in the U.S. and other markets.

 

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Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin60,556 0.02 % 3.30 % 2.53 %
Ethereum2,161.3 0.17 % 3.56 % 1.27 %
Binance Coin485.10 0.96 % 11.41 % 43.97 %
Tether1.000 0.08 % 0.09 % 0.02 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.230 0.69 % 1.21 % 3.50 %
XRP1.160 0.86 % 13.62 % 91.82 %
Uniswap30.25 0.13 % 0.46 % 0.59 %
Litecoin232.48 0.23 % 2.02 % 9.73 %
Chainlink32.51 0.03 % 0.50 % 0.48 %