Revolut raises USD 80 mln in funding round

Monday 27 July 2020 12:39 CET | News

Revolut has raised USD 80 million as part of its Series D round led by TSG Consumer Partners.

In February 2020, Revolut raised a USD 500 million. This new funding extends that funding round to USD 580 million.

The company says it will use the investment to add new features in the US and roll out banking operations across Europe. Eventually, Revolut also plans to offer credit products across Europe. In addition to that, Revolut is working on a subscription management tool which should let users see all of their active subscriptions, cancel them from Revolut, and receive alerts when a free trial ends.

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Keywords: UK, fintech, Revolut, pandemic, COVID-19, coronavirus, TSG Consumer Partners, US, banking, Europe
Categories: Banking & Fintech
Countries: Europe, United Kingdom, United States
This article is part of category

Banking & Fintech