Revolut is a U.K.-based online bank that allows customers to make financial transactions and buy digital assets online. The company applied for a banking license in the United States in March 2021.
Revolut performed well in its most recent funding round this year. The fintech startup raised $800 million in funding, six times the amount invested in its previous round in 2020. The bank has a total capitalization of $33 billion.
The company plans to use the money raised to develop new and improve existing products, as well as conquer markets around the world, including the U.S. and India. Revolut is currently considered the most expensive British startup. The bank’s online services are now used by about 15 million private clients and 500,000 legal entities.