Digital Banking Unicorn Revolut Is Reportedly Planning New Round of Funding, Could Value Fintech at Over $10B
The founder of digital banking challenger
Revolut is reportedly planning a new round of funding that could value the Fintech at over £7.2 billion (appr. $10 billion).
Sky News reports that the digital bank may be looking to work with
FT Partners, the US-headquartered Fintech-focused investment banking institution. FT Partners may advise Revolut on potentially a new equity-round that may be finalized after the summer months of 2021, according to the report.
Sources also confirmed that the process is not yet final, however, the Fintech firm’s investors estimate that the business could be valued at anywhere between $10 to $15 billion.