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  1. #1
    Senior Member
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    Oct 2016
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    Revolutís $5.3 million crowdfunding campaign is oversubscribed

    Fintech startup Revolut just raised a ton of money. But grabbing $66 million from respected VC firms wasnít enough (£50 million). For the second time, Revolut asked its user base to invest in the startup.

    Revolut was looking for $5.3 million on Seedrs (£4 million), but 40,000 customers said that they were interested in the investment opportunity. If Revolut took all the money, it would represent $22.3 million (£17 million). But the company will limit its equity crowdfunding campaign to its initial goal.

    The $5.3 million target was reached in less than 24 hours, which is quite impressive as equity crowdfunding insít as popular as other investment products. Revolut even says that there has never been an equity crowdfunding campaign with so many pre-registered investors.
    For context, there are now 750,000 Revolut users. Revolut is a digital wallet that lets you receive, exchange and send money in dozens of currencies. When you sign up, you can create virtual cards and receive a good old plastic MasterCard. You can top up your account using another card or a bank transfer.

    Over time, Revolut has been adding new features, such as personal IBANs, a credit feature, business accounts and travel insurance. With this funding round, Revolut plans to add support for cryptocurrencies, stocks and bonds. The company is also going to expand to North America and Asia.

  2. #2
    Junior Member
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    Jul 2017
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    19
    Monzo had 41,267 people pledge in last crowdfunding round, while Monzo population was around 200,000, so getting 40,000 pledges from 750,000 users makes Revolut look rather weak.

  3. #3
    Senior Member
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    Oct 2016
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    141
    Monzo was around 120-130k at the time so around 1 in 3 for monzo vs 1 in 17 for Revolut. The other 660,000 Revoluters just want free forex

  4. #4
    Senior Member
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    Oct 2016
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    Andy Murray among Revolut investors on Seedrs http://dlvr.it/Pcmsdd

  5. #5
    Junior Member
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    Jul 2017
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    11
    interesting

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