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Sources Report New Revolut Funding Round Announcement Coming Thursday at $5 Billion Valuation

Sources Report New Revolut Funding Round Announcement Coming Thursday at $5 Billion Valuation

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FintechNews RoundupUSA
··1 min read

Challenger banks Revolut, Starling Bank and Monzo are all reported to be out fundraising; Business Insider reports that Revolut will announce a $1.5 billion round on Thursday, valuing the company at $5 billion; their last raise was $250 million at a $1.7 billion valuation in 2018 and they currently have six million customers; while full details of the new round aren’t yet available, it is expected that the round will consist of $500 million in equity from TCV and $1 billion in debt led by JPMorgan; Monzo was at one time in talks with Softbank and is looking to raise up to $130 million at a $2.6 billion valuation; Starling is reportedly in talks with Merian Chrysalis for a fresh round of funding. Business Insider

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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