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Revolut Valuation Surges To $33B After Latest Funding Round

by marketwatch.com posted 2weeks ago 6 views
European fintech company Revolut announced a new $800 million funding round Thursday that values the company at $33 billion. Revolut had previously fetched a $5.5 billion valuation through a 2020 funding round. The company plan to use the funds "to further its growth plans," including through product innovation that targets monetary transfers, savings, insurance, and the democratization of trading, according to a release. The company also intends to use the money to expand its U.S. offering and power its entry into India as well as other international markets.

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