11 Jul '17, 11pm

UK fintech start-up Revolut raises $66 million, adds bitcoin

LONDON (Reuters) - The "global banking alternative" Revolut has raised $66 million in a fund-raising round, the start-up said on Wednesday, in the latest sign that London is so far weathering Brexit to remain a global financial-technology center. Led by Europe- and San Francisco-based venture capital fund Index Ventures, the fund-raising round was one of the biggest ever Series B rounds in Europe. It should provide some comfort to the British capitol as it jostles to hold onto its reputation as Europe's leading hub for the nascent fintech sector. The investment dwarfs the 19.5 million pounds ($25 million) raised by London-based rival Monzo in its Series B round earlier this year. Revolut, which has around 700,000 customers, over 400,000 of them based in Britain, provides payment cards that can be used abroad to pay for goods and services at the exchange rate used by banks ...

Full article: http://www.reuters.com/article/us-britain-fintech-revolut...

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UK fintech start-up Revolut raises $66 million,...

reuters.com 11 Jul '17, 11pm

LONDON The "global banking alternative" Revolut has raised $66 million in a fund-raising round, the start-up said on Wedne...

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