Revolut capitalization reached $1,7 bln.

Revolut capitalization reached $1,7 bln.

Revolut attracted $250 mln. Now its capitalization is $1,7 bln.

British fintech startup Revolut reached a very important level of capitalization demonstrating its stable growth. The venture fund DST Global headed the financing round. Companies Index Ventures and Ribbit Capital are also participating in investment.

As Revolut reported, the company intends to spend these funds for launching the service in, Russia, Australia, USA. India, Hong Kong and Singapore are also in list of plans of Revolute.

The board of REvolute is planning to increase the number of stuff. In particular, they intend to  hire about 200 developers in both Russian capitals - Moscow and Saint Petersburg.

Company Revolut was created in 2015 by former Credit Swiss trader Nikolay Storonsky and Deutsche Bank ex-specialist for developing Vlad Yatsenko. It issues cards with several currency accounts and allows to exchange currencies without bank commissions. Revolut cards support 150 currencies. This service is used by 250 000 people daily. The plan of company for nearest future is to increase auditory for 100 mln. clients.

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