Revolut reaches a $115 billion valuation following a new funding round
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The digital financial services company Revolut has reached a valuation of $115 billion after closing a new funding round. This is according to Business Insider España.
Revolut is a fintech company founded in the United Kingdom in 2015. It offers digital bank accounts, payment cards, currency exchange and other services through its mobile app. The company has a large customer base across several countries, and Spain is one of its important markets.
A funding round is a process in which a company receives money from investors in exchange for a share of its equity. The valuation indicates the total value attributed to the company at that time. According to the available information, this figure places Revolut among the most valuable fintech companies in the world.
The news shows that investor interest in payments and digital banking companies remains high. The full details of the deal, such as the exact amount of the investment and the names of the investors, were not included in the information published at the time of this article.
Sources: Business Insider España
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