London-based giant digital banking application #Revolut received an investment of 800 million dollars. The company that made the most investment in the funding round was technology giant Softbank, which has recently invested large sums of money in the crypto money sector.
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Revolut, a UK-based digital banking application with a market capitalization of $33 billion; received a full $800 million investment in a funding round led by Softbank, a Japan-based multinational company with investments in technology, energy and finance. Revolut also made the official statement on the subject.
From 5.5 billion dollars to 30 billion dollars in 1 year…
Revolut, which started crypto money investments only with Bitcoin in 2017 , added new cryptocurrencies to the system for trading as time went on, and also began to allow funds to be withdrawn to external wallets.
All these factors enabled the company to grow day by day, and the company, which had a market value of $ 5.5 billion in February 2020, reached a value of $ 33 billion today. The news that Softbank would invest in Revolut had also appeared earlier this month.
✅Target is USA and India
In the statement made by Revolut, it was stated that the investment will be used for the growth of the company in international markets, especially the USA. It is known that Revolut has been making plans for the USA for a long time and the company aims to reach 1 million users in the first place. India, which has an indecisive stance on cryptocurrencies, is among the company's major goals.
✅Softbank continues its investments
Multinational company Softbank recently invested $200 million in Brazilian crypto exchange Mercado Bitcoin. It is known that it plans to make new investments in Argentina, Chile, Colombia and Mexico.