February 27, 2024



The UK has a new $33 billion tech giant

CNN Business

Updated 10:33 AM ET, Thu July 15, 2021

Revolut has been valued at $33 billion in a new fundraising round led by SoftBank (SFTBF) and Tiger Global Management, the London-based digital banking startup said in a statement on Thursday.
The company said it would use the $800 million raised to develop new products, expand its operations in the United States and enter new international markets including India.
Revolut launched in the United Kingdom in 2015, quickly becoming popular with frequent travelers who use its app to convert currencies and avoid costly ATM fees overseas. It has since expanded into wealth management and investing services.

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