Revolut secures £600m Series E funding from SoftBank Vision Fund 2 and Tiger Global to drive global expansion.
SoftBank Vision Fund 2 and Tiger Global backed the Series E financing, which values the business at £33bn.
Revolut operates a digital banking platform providing checking and savings accounts, trading facilities, and international payments. The company serves millions of international customers through its mobile application.
Revolut has secured £600m in a Series E funding round led by SoftBank Vision Fund 2 and Tiger Global Management. The capital will support the company as it scales its international presence and accelerates product development for its financial superapp. The transaction values the business at £33bn and follows rapid user growth across its personal and business accounts.
SoftBank and Tiger Global join the firm as new backers in this latest financing. The proceeds are earmarked for further expansion in the United States and new markets such as India, alongside ongoing feature innovation for everyday banking and wealth services. The round establishes the firm as a prominent player in the global financial technology sector.
From the founder
"SoftBank and Tiger Global’s investments are an endorsement of our mission to create a global financial superapp that enables customers to manage all their financial needs through a single platform. This funding round makes Revolut the UK’s most valuable fintech, demonstrating investors’ confidence that we can deliver products that raise the bar for customers’ expectations across the whole financial services industry."
Nikolay Storonsky
Founder & CEO at Revolut
Investor perspective
"We believe Revolut’s superior customer experience and focus on rapid product development put the company in a strong position to continue scaling in both existing and new geographies. We are excited to partner with Nik and the Revolut team as they build the next generation of financial services."
Scott Shleifer
Partner, Tiger Global
Use of funds
- 01Continue product development
- 02Expand into international markets
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