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Payments General

Revolut to get USD 500 mln boost from Softbank

Friday 16 November 2018 | 10:41 AM CET

Revolut, the multi-functional cross-border card and app, is planning a USD 500 million Series D investment round, potentially enlisting Softbank to its roster of investors.

The fintech has a plans to launch in the US after the investment round. Revolut has seen major regulatory shortcoming preventing it from starting operations there. Australia and Japan are also on Revolut’s radar.

The round, set to take place early 2019, would give the fintech the necessary boost to enter the US market.

Earlier this year, Softbank said it planned to invest around USD 200 million into fintech, from its USD 100 billion Vision Fund.

More: Link
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