Revolut has officially become the UK s most valuable fintech firm with a whopping £24billion price tag.
The banking app earned the accolade after successfully closing a £577million funding round with Japanese investment giant Softbank and Tiger Global Management.
The valuation means Revolut, founded in 2015, is worth more than NatWest – one of the UK s largest and oldest retail banks and which has a market cap of £23.6billion.
Banking App Revolut, founded in 2015, is now worth more than NatWest – one of the UK s largest and oldest retail banks and which has a market cap of £23.6bn
Revolut is evidence that challenger banks have matured and can take on their more established rivals.
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Revolut is UK s most valuable fintech firm with a £24bn price tag
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