Competitor Update 2

Here’s the latest item for the Revolut news feed…more details about their upcoming crowdfunding which is being managed by Seedrs -

http://news.revolut.com/post/163319147482/crowdfunding-coming-soon

Key points:

  • [Raising] £4 million from the crowd in exchange for shares in Revolut
  • Premium users will get early access
  • Minimum investment is £10
  • Premium members will have a maximum investment amount of £2,000 and Standard users will have a maximum amount of £1,000
  • Customers will be invited [to invest] randomly
  • [The] pre-registration page will go live on Monday 24th July
  • Customers … have collectively transacted over $3.2 billion
  • Aiming for 50 million customers globally in 3 years :eyes:

Lastly they say that they now have 730,000 customers. Which means that either this tweet was late or they’ve grown by 2,500 per day in the past 12 days & that’s faster than Monzo’s currently growing.

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