This story is available exclusively on Business Insider Prime.European challenger bank Revolut has raised $500 million in Series D funding from Silicon Valley growth fund TCV.
Founded in 2015, Revolut claims to have around 7 million customers and has raised $836 million to-date. The long-anticipated fundraising makes Revolut one of Europe's most valuable startups in the red-hot fintech sector. Other major European finance firms include payment firm Klarna, money transfer firm Transferwise, and OakNorth bank.
Reports had previously indicated that Revolut would take on some form of debt alongside the equity fundraise, but the company said this wasn't happening for now.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Intuit is buying Credit Karma for $7 billion - Business InsiderIntuit is nearing a $7 billion deal to acquire Credit Karma — here's what the TurboTax owner has to gain from the buzzy startup known for its free credit scores
Source: BusinessInsider - 🏆 729. / 51 Read more »
Ellen DeGeneres' net worth is $330 million — see how she spends it - Business InsiderEllen DeGeneres is one of the richest self-made women in America. Here's how the comedian spends her $330 million fortune, from flipping houses to luxury sports cars. H from steps is doing well these days! She earns ever part - go spend hun Self-made? None of these millionaire/billionaire women were self-made, but rather they had a plethora of people help them succeed. So sad that they couldn't find it within themselves to do the same for others...….
Source: BusinessInsider - 🏆 729. / 51 Read more »
Kanye West has a fleet of Ford Raptors at his $14 million Wyoming ranch - Business InsiderKanye West has a fleet of Ford Raptors that he drives around his $14 million ranch in Cody, Wyoming — here's a closer look at his truck of choice That's not news. It's bougey, show offy and shouldn't be featured in Business insider. Not fake news, it's just not news worthy.
Source: BusinessInsider - 🏆 729. / 51 Read more »
A $1 slice of Apple, WeWork's $2 million settlement, and Michael Bloomberg's ad spree - Business InsiderYou want to start trading stocks on a fancy new app you've downloaded, but don't have much money to invest. Enter: fractional-share trading.
Source: BusinessInsider - 🏆 729. / 51 Read more »
$3.3 million solar-powered yacht can cruise around indefinitely - Business InsiderThe yachts are also fully customizable, with multiple options for cabin and storage configurations included in the price. Where do people stand to fish or sun tan? 😍
Source: BusinessInsider - 🏆 729. / 51 Read more »