Revolut eyes $10B+ valuation in upcoming funding round

Revolut is looking to raise funding that could value the London-based challenger bank at between $10 billion and $15 billion, Sky News reported. The round could include the sale of around $250 million of new shares. Revolut raised $580 million in Series D funding last year, giving it a valuation of around $5.5 billion. The startup provides a banking app that helps users make payments, transfer funds abroad and manage budgets.

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