Revolut Set To Raise $80M From Further Share Sale

Revolut Set To Raise $80M From Further Share Sale

Revolut, the British Unicorn Payments company, is set to raise millions of pounds from a further sale of shares. Only some months ago, the organisation cleared its status as UK’s one of the most valuable technology “UNICORN FIRMS.”

The Revolut is expected to announce the investment in a few days and is expected to raise around 63 million euros from TSG Consumer Partners, a US-based private equity company. Many experts report that even amid the travel restrictions on which the Revolut’s revenue depends partially, the company’s power to raise new funds highlights its ability to recover from any situation. 

The UK based Payments Company was founded by Nik Storonsky and has grown from zero to more than 12 million customers and 2000+ employees in over 30 nations in just five years. The share sale will happen at the $5.5 billion valuations, exactly the same at which it sold $500 M stake in February 2020. 

The company also unveiled TCV as a major new investor, which was also the early stage backer of Airbnb, Netflix, and Spotify.

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