INSUBCONTINENT EXCLUSIVE:
Fintech startup Revolut is raising a large Series D round of funding
TCV is leading the $500 million round, valuing the company at $5.5 billion
building a financial service to replace traditional bank accounts
You can open an account from an app in just a few minutes
You can then receive, send and spend money from the app or using a debit card.On top of that, Revolut has added a ton of features that it
has built in-house or through partnerships
You can insure your phone, get a travel medical insurance package, buy cryptocurrencies, buy shares, donate to charities, save money and
more.Revolut currently has more than 10 million customers, mostly in Europe and the U.K
percentage-based metrics:The total number of users has grown by 169% in 2019.Daily active customers grew by 380% in 2019.Revenue grew by
354% in 2018 (yes, 2018).Revenue from premium subscription plans (Revolut Premium and Revolut Metal) have grown by 154% in 2019.With the new
customers as well as companies using Revolut for Business
For instance, Revolut recently launched savings vaults in the U.K
bank accounts in Europe in the future.There are currently 2,000 people working for Revolut
investment demonstrates investor confidence in our business model
Going forward, our focus is on rolling-out banking operations in Europe, increasing the number of people who use Revolut as their daily
U.K., Europe, Singapore and Australia (in beta)
While the company has announced plans to expand to a handful of countries, the main focus is on launching in the United States and Japan in
