Huge funding round values Revolut at £24bn

Digital banking firm Revolut has been valued at £24 billion in a fresh round of funding.  The London-based company raised £579 million from Japan’s SoftBank and New York-based Tiger Global Management, which collectively hold less than 5% of its stock.  The valuation puts it ahead of ‘Big Four’ UK bank NatWest, while Revolut is worth 70% of Lloyds’ stock market valuation.  Revolut is now more … Continue reading Huge funding round values Revolut at £24bn