Revolut Valued at $33B in $800M Fundraising Led by Softbank

The figure is six times Revolut's $5.5 billion valuation of February 2020.

AccessTimeIconJul 15, 2021 at 9:39 a.m. UTC
Updated May 15, 2023 at 1:45 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Revolut, a U.K.-based digital bank, has been valued at $33 billion in a funding round led by SoftBank and Tiger Global Management.

  • The round raised $800 million, the company said in a release.
  • The figure is six times Revolut's $5.5 billion valuation of February 2020.
  • Talks between the U.K. fintech and SoftBank's Vision Fund 2 were reported earlier this month, with indications Revolut could be valued as high as $40 billion and raise as much as $1 billion.
  • Revolut intends to use the funds to boost its offering to U.S. customers and to expand into other international markets, such as India.
  • The neobank has offered crypto trading since 2017, and in May enabled customers to transfer the assets bought to wallets held elsewhere.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.