The financial services firm Revolut has garnered a $66-million funding round via Series B financing, TechCrunch reports, with a series of new and existing investors.
The site reported that Index Ventures led the round and had accompaniment by existing investors Ribbit Capital and Balderton Capital. The amount raised to date comes in at $83 million. Another $5 million in crowdfunding may be raised in a few weeks, said TechCrunch.
The firm, which evolved from a mobile app operating across currencies, now competes more fully with traditional banking services, with access to traditional credit cards and virtual cards, too – in addition to users having access to bill-split and instant money sending features, done through phone contact lists. The site noted that as many as 700,000 consumers have signed on with Revolut.
Among the most recent announcements, Revolut has introduced a credit feature that is geared toward consumers and corporate users in the U.K., with future plans spanning expansion into North America and Asia, and eventually, cryptocurrencies and stocks.
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