SoftBank Vision Fund 2 and Tiger Global Management provided the cash, increasing the mobile financial services provider's overall funding to over $1.7bn.
UK-headquartered financial services app developer Revolut secured $800m yesterday in a series E round that included internet and telecommunications group SoftBank’s Vision Fund 2.
The corporate was joined by hedge fund manager Tiger Global Management and the funding was raised at a $33bn valuation.
Revolut initially focused on cross-border financial transfers but has expanded its mobile app-based services to encompass a range of products including bill settlement and splitting, salary advances, consumer cashback, wealth management and a dedicated business offering.
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