Success Story 21 November 2018

Region/Nation London
Programme Managed Funds

London-based mobile bank Revolut’s two million customers can set up an app-based current account, spend in over 150 currencies with no fees and send free domestic and international money transfers using the interbank exchange rate.

They secured $250m of Venture Capital in April 2018, including investment from British Business Investments-supported Balderton Capital, enabling them to launch new offices in five countries, increase their workforce and move their London team into a new facility in Canary Wharf.

The funding brought Revolut’s valuation to over $1bn, giving it ‘unicorn’ status, with further global expansion planned.

Revolut - case study - App2