
Crypto-friendly Revolut secures $500M in latest funding round
The digital banking platform, which allows its users to easily purchase crypto, is now valued at $5.5B, making it the U.K.’s most valuable fintech startup.
The digital banking platform, which allows its users to easily purchase crypto, is now valued at $5.5B, making it the U.K.’s most valuable fintech startup.
It’s been another productive week for the cryptocurrency space with activity and progress being shown across the globe.
The digital bank is already making in-roads domestically, with plans for expansion into Japan and the United States, pending completion of an upcoming funding round.
Revolut is ramping up, with the goal of expanding to many new markets and offering easier access to banking.
U.K digital banking startup Revolut has refuted claims that it abandoned its anti-money laundering protocols and possibly processed illegal payments. They say it’s just a big misunderstanding.
UK-based fintech firm Revolut has been awarded a banking license in Lithuania, giving the firm access to provide current accounts and loan services across the EU from 2019.