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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. 

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“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.”

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Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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