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    Home»Funds»Revolut targets $10bn valuation in upcoming funding round
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    Revolut targets $10bn valuation in upcoming funding round

    April 17, 20211 Min Read
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    Revolut is eyeing a new fundraising round which would see the challenger bank’s valuation soar to more than $10bn.

    Last summer the neobank raised a further $80m to close out its series D funding round from private equity firm TSG, valuing the company at $5.5bn.

    Now Revolut has enlisted the help of US-based investment bank FT Partners to advise it on a new equity rise, Sky News reported. It would see Revolut’s valuation soar to between $10bn and $15bn.

    Sources close to the fintech said the company had no imminent need for capital and the next raise could involve the sale of $250m worth of new shares.

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    Source: City AM

    By Angharad Carrick

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

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