British fintech firm Revolut said Thursday it had raised $800 million in a new funding round led by SoftBank and Tiger Global.
The round values Revolut at $33 billion, a sixfold increase on the $5.5 billion the company was worth last year.
Fintech start-ups have been on a funding frenzy lately, raising a record $33.7 billion in the second quarter of 2021. Nikolay Storonsky, founder and CEO of Revolut, on stage at the 2019 Web Summit technology conference in Lisbon, Portugal.
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