Revolut has added $80mn to its Series D funding round which was announced in February.
In Brief:
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The fresh funding comes from TSG Consumer Partners.
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It brings the total value of Revolut’s Series D to $580mn.
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Revolut’s valuation has stayed at $5.5bn.
What does this mean?
The business still makes a loss but has seen success in raising extra capital during economic uncertainty. At the moment, Revolut says it is opening about 12,000 new accounts every day.