Revolut, a digital lender based in London, was first launched in 2015 by Russian-born founder Nikolay Storonsky. The firm has now earned a remarkable US$33bn valuation in a recently completed US$800m funding round.
This automatically places Revolut at the top of the list of most valuable fintech firms. The firm’s 37-year-old founder, Nik Storonsky, holding over 20% of the firm’s equity has now moved by a huge distance from a US$1.1bn personal net-worth as of March 2020 to an estimated US$7.1bn today.
Commenting on the latest feats and the funding round which was led by Softbank’s Vision Fund 2 and Tiger Global, Storonsky indicated that the investment by these two backers validates Revolut’s mission to create a “global financial superapp” that will make it possible and seamless for customers to “manage all their financial needs through a single platform.”
The founder also said, “we want our global app to offer customers 10x better value and 10x better service and security than they can achieve anywhere else.”
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