London Fintech Startup Revolut Valued at $5.5 Billion25 Feb 2020—Bloomberg
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Revolut Ltd. has raised $500 million in a funding round that values the London financial-technology firm at $5.5 billion, making it one of Europe’s most valuable fintech startups despite still being loss-making.
The company will use the cash for product development and to increase banking operations across Europe, it said in a statement on Tuesday. Revolut said it plans to begin making loans for...