trending Market Intelligence /marketintelligence/en/news-insights/trending/0IqgiIN4UWTol6skTYXXZA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

US-based private equity firm in talks to participate in Revolut funding


Q&A: Navigating Climate Risk as a Financial Risk


Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


Fintech Intelligence Newsletter: February 2021


Episode 5: The Future of Work - The World of Workforce Experience and Productivity

US-based private equity firm in talks to participate in Revolut funding

Technology Crossover Ventures is in talks with U.K.-based financial technology company Revolut Ltd. to provide a major part of the $500 million in equity funding the company is looking to raise in 2020, Sky News reported, citing insiders.

Revolut is looking to expand internationally, including in the U.S. and Japan, and is reportedly looking to raise $500 million in direct equity at a valuation of between $7 billion and $8 billion, as well as $1 billion in convertible debt. The $1 billion in debt would be convertible into shares if Revolut secures a U.S. banking license.

The implied valuation would make Revolut Europe's most highly valued financial technology business, Sky noted. Multiple other investors are interested in participating in this funding round and have submitted term sheets, according to the report.

Revolut had hired JP Morgan for the funding round, which is expected to complete in the first quarter of 2020.

Technology Crossover Ventures has previously invested in Airbnb, Netflix, Facebook and Spotify, among others.