Region: London, South East
Programme: Managed Funds Programme
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.