Bitcoin
$66,925.47+0.88%
Ethereum
$3,250.15+1.63%
Binance Coin
$606.34+1.45%
Solana
$157.46+2.21%
XRP
$0.54776753+2.27%
Dogecoin
$0.16096085+0.23%
Toncoin
$5.68-7.06%
Cardano
$0.51234903-0.11%
Shiba Inu
$0.00002723+0.72%
Avalanche
$39.18+0.68%
Wrapped Bitcoin
$66,946.64+0.79%
Polkadot
$7.53+1.36%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
35
DAYS
21
HR
14
MIN
57
SEC
Finance

Revolut Valued at $33B in $800M Fundraising Led by Softbank

The figure is six times Revolut's $5.5 billion valuation of February 2020.

By Jamie Crawley
AccessTimeIconJul 15, 2021 at 9:39 a.m. UTC
Updated May 9, 2023 at 3:21 a.m. UTC
Revolut 3
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Revolut, a U.K.-based digital bank, has been valued at $33 billion in a funding round led by SoftBank and Tiger Global Management.

  • The round raised $800 million, the company said in a release.
  • The figure is six times Revolut's $5.5 billion valuation of February 2020.
  • Talks between the U.K. fintech and SoftBank's Vision Fund 2 were reported earlier this month, with indications Revolut could be valued as high as $40 billion and raise as much as $1 billion.
  • Revolut intends to use the funds to boost its offering to U.S. customers and to expand into other international markets, such as India.
  • The neobank has offered crypto trading since 2017, and in May enabled customers to transfer the assets bought to wallets held elsewhere.
VolumeMuteUnmute

Binance Exec's Wife Denies Extradition Report; Thailand Tightens Crypto Regulation

  • Bitcoin Transaction Fees Slide Significantly Post Halving
    00:55
    Bitcoin Transaction Fees Slide Significantly Post Halving
  • 21Shares Exec on Consumer Facing Applications Powered by Blockchain
    00:51
    21Shares Exec on Consumer Facing Applications Powered by Blockchain
  • 21Shares Exec on Aftermath of the Halving, Future of Bitcoin Network
    15:24
    21Shares Exec on Aftermath of the Halving, Future of Bitcoin Network
  • World Chain Is a Blockchain 'Designed for Humans': Tools for Humanity Exec
    00:31
    World Chain Is a Blockchain 'Designed for Humans': Tools for Humanity Exec

    • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.