If you haven’t heard of Revolut yet, you’ve probably not been paying too much attention to the UK’s FinTech scene. The digital challenger bank made headlines yet again after it landed a whopping $250m in a Series C round led by DST Global, becoming the latest tech company to gain ‘unicorn’ status.
The rumours had been circulating for a few weeks before the news broke, and figures surrounding its valuation have been flying. For a company that is just three years old, its success is quite astonishing; it’s raised a substantial $340m to date.
With this latest round more than quadrupling its valuation to a massive $1.7bn, Revolut joined the tech unicorn club, and seems to be delivering on its promise to disrupt the banking industry. But, what is the global money app all about, and where did it come from? ...