More Revolut news - they’ve just raised 66m in their latest round of fundraising.
Some of the key points for me were -
The startup has raised [the funds] in a series B from existing investors Balderton Capital, Index Ventures and Ribbit Capital
It brings total funding for the challenger to $83m and the fresh cash will go towards pursuing expansion in Asia and North America and launch new products and services.
And just to re-emphasise the fact that it’s focus isn’t on competitions with the UK challenger banks…
“Revolut is on a mission to create a world where moving money is easy, instant, free and transparent, regardless of country or currency. It is removing barriers between people and merchants, enabling them to transact seamlessly around the world," said Index Ventures partner Martin Mignot.
Edit - They’ve just published their blog post with the news & some more info -
The infrastructure section’s not that meaningful to me, without an explanation of how their new providers will improve resilience.
We’re scaling our support team rapidly and have hired over 30 new support agents in the last two months.
But judging by their community there’s sill plenty of room for improvement.
Soon you’ll be able to open a personal EUR account in seconds, buy and spend Cryptocurrencies in-app and invest your spare change in company stocks and bonds with our new Wealth product.