The U.K.-based fintech will use the funds to expand its U.S. and European operations as well as its rewards program. (Financial Times)
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The U.K.-based fintech will use the funds to expand its U.S. and European operations as well as its rewards program. (Financial Times)
Talking point: This latest fundraising comes at the same valuation as the US$500 million Revolut raised in February. Not all fintechs have been able to bring in new funding during the pandemic on such favourable terms. In June, Monzo raised funds at a 40 per cent discount to its prior valuation. In November 2019, Revolut started rolling out early access for Canadian customers.
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