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According to the company's announcement, investment firms Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company, along with Andreessen Horowitz, Franklin Templeton, and NVentures, the venture capital division of chipmaker Nvidia Corp., took part in the offering.
Revolut stands as the most valuable startup in Europe. In August of last year, the company had a valuation of $45 billion.
"The degree of investor enthusiasm and the updated valuation indicate the robustness of our business model, which provides both swift growth and substantial profitability," commented Viktor Stinga, the Chief Financial Officer of the company.
The business was established in 2015 in London by Nikolai Storonsky, along with Vladislav Yatsenko. Around 65 million users globally utilize the company's app.
Revolut has announced plans to enter 30 additional markets by the end of this decade, targeting a user base of 100 million. The firm plans to invest $13 billion in these initiatives.
source: bloomberg.com
Revolut stands as the most valuable startup in Europe. In August of last year, the company had a valuation of $45 billion.
"The degree of investor enthusiasm and the updated valuation indicate the robustness of our business model, which provides both swift growth and substantial profitability," commented Viktor Stinga, the Chief Financial Officer of the company.
The business was established in 2015 in London by Nikolai Storonsky, along with Vladislav Yatsenko. Around 65 million users globally utilize the company's app.
Revolut has announced plans to enter 30 additional markets by the end of this decade, targeting a user base of 100 million. The firm plans to invest $13 billion in these initiatives.
source: bloomberg.com
