Digital Banking App Revolut To Raise $500M For Global Expansion

British-based digital banking app Revolut plans to raise $500 million for Global expansion including the US and Japan. As per a Reuters report, the crypto-friendly investing app Revolut has already been successful in the U.K. It now eyes global expansion. 

“We want to raise at least $500 million in direct equity and potentially. Maybe at a later stage, make it up to $1 billion in a convertible (debt),” Revolut CEO and Co-Founder Nikolay Storonsky said. “We have done soft marketing with investors. We are continuing to do it, so hopefully, in the next several months, we’ll get it done.”