Member Article

Revolut has smashed more crowdfunding records as investors pre-pledge £17m

Digital challenger bank Revolut has broken more crowdfunding records after attracting 40,000 pre-registered investors including tennis star Andy Murray for its latest raise on Seedrs.

The London-based FinTech firm has launched its £4m crowdfunding drive today which will close its massive £50m Series B and follows on from a similarly oversubscribed £1m crowd raise last year which saw 10,000 pre-pledge £17m.

Current Revolut Premium account holders will be given initial priority with their investments capped at £2,000 followed by the rest of its customers who will be able to invest up to £1,000 on the same terms as the institutional VCs who backed its Series B, which included Index Ventures with Balderton Capital and Ribbit Capital.

Revolut Founder and Chief Executive Officer Nikolay Storonsky said: “We are incredibly excited to open our Series B round to as many members of our 750,000 strong community as possible through our crowdfund on Seedrs.

“Word of mouth by our loyal customer base is the reason that Revolut has achieved so much in just two years.

“As a token of our appreciation we are offering them the chance to play a longer term role in the fintech revolution by owning equity in a fast scaling fintech as we embark on our global mission.”

Jeff Lynn, CEO and Co Founder of Seedrs added: “We are delighted that Revolut has chosen Seedrs to play a part in their exciting growth journey.

“As a frequent traveller and big fan of Revolut’s service, I have watched their progression with interest and admiration.

“It is great news that they secured an impressive Series B round from some highly respected international VCs, and it is better still that the crowd on Seedrs will have an opportunity to get involved with the round.”