It means Revolut’s valuation has seen a threefold increase from when it was last valued by investors at $1.7 billion in April 2018. With an extra $500 million in the bank, the latest round takes Revolut’s total amount raised up to $836 million. According to data from venture capital analytics firm CB Insights, Revolut is now tied with e-commerce payments start-up Klarna as the most valuable fintech start-up in Europe. Founded in 2015, Revolut initially gained popularity by letting users spend money abroad without paying steep fees. It’s now one of a wave of new mobile app-based challenger banks which offer banking services without a costly networks of physical branches. Its competitors include British firms Monzo and Starling, as well as German rival N26 which recently said it would leave the U.K. due to Brexit.

https://www.cnbc.com/2020/02/24/fintech-firm-revolut-bags-500-million-in-funding-round-led-by-tcv.html