Revolut has become the most valuable financial technology startup in the UK.
The company is now valued at £4.2bn.
This follows a funding round that raised £387mn.
Value has been tripled since before the round.
What does this mean?
Revolut is now valued higher than its UK rival Monzo, which was valued at £2.2bn last year. The company has 23 offices around the world and has grown to 2,000 staff. The recently raised funding will expand the workforce even further to a projected 5,000.