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Fintech startup Revolut<\/a> just announced that it has raised $80 million as part of its Series D round that it announced in February<\/a>. The new influx of funding comes from TSG Consumer Partners<\/a>.<\/p>\n In February, Revolut <\/a> raised a $500 million led by TCV<\/a> at a $5.5 billion valuation. Today’s new funding extends that funding round to $580 million — the company says the valuation remains the same.<\/p>\n If you’re not familiar with Revolut, the company is building a financial service to replace traditional bank accounts. You can open an account from an app in just a few minutes. You can then receive, send and spend money from the app or use a debit card. Revolut also lets you exchange currencies.<\/p>\n The startup expanded beyond that simple feature set and now wants to become a financial hub, a super app for all things related to money. For instance, you can insure your phone, get a travel medical insurance package, buy cryptocurrencies, buy shares, donate to charities and save money from Revolut.<\/p>\n The company says it’ll use the investment to add new features in the U.S. and roll out banking operations across Europe — you can expect local banking details in multiple European countries. Eventually, Revolut also plans to offer credit products across Europe.<\/p>\n In addition to that, Revolut is working on a subscription management tool. It lets you see all your active subscriptions, cancel them from Revolut and receive alerts when a free trial ends.<\/p>\n There are now 12 million registered users on Revolut.<\/p>\n https:\/\/techcrunch.com\/2020\/02\/24\/revolut-raises-500-million-at-5-5-billion-valuation\/<\/a><\/p>\n <\/p>\n Tags:<\/b> Romain Dillet<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" <\/div>\nSee Campaign: <\/strong>https:\/\/www.revolut.com\/<\/a>
Contact Information:<\/b>
Romain Dillet<\/p>\n
<\/a>, Wire<\/a>, United States<\/a>, English<\/a><\/p>\n<\/div>\n
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Fintech startup Revolut just announced that it has raised $80 million as part of its Series D round that it announced in February. The new influx of funding comes from TSG Consumer Partners. In February, Revolut raised a $500 million led by TCV at a $5.5 billion valuation. Today’s new funding extends that funding round to $580 million — the company says the … Continue reading Revolut extends Series D round to $580 million with $80 million in new funding<\/span><\/a> Continue Reading