Revolut hits $ 33 billion valuation in SoftBank-led round

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Law360, London (July 15, 2021, 9:39 p.m. BST) – Digital banking firm Revolut revealed on Thursday that it reached a valuation of $ 33 billion after a financing round led by SoftBank which, according to Revolut, makes it the company of UK’s most valuable financial technology.

British company Revolut said the injection of $ 800 million will go to product innovation for its “superapplication”, which offers services such as banking services, payment cards and money transfers. Revolut said it aimed to strengthen money transfer, savings and insurance services globally, as well as “democratize wealth and commerce.”

The funds will also be used for global expansion. Revolut has recently started offering business accounts in the United States and is requesting a …

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