Slaughter and May is advising SoftBank Vision Fund 2 (“SVF2”) as the lead investor in Revolut Ltd’s (“Revolut”) series E fundraising.
SVF2 is leading the $800m round, valuing Revolut at approximately $33 billion, making it the most valuable fintech company in the UK. Revolut will use the investment to continue work to build the first global financial superapp.
Karol Niewiadomski, senior investor for SoftBank Investment Advisers, said “Revolut’s rate of innovation has redefined the role of financial services, placing Revolut at the forefront of Europe’s nascent neobanking sector. The company’s rapidly growing user base reflects a sustained demand for Revolut’s expanding suite of services. We look forward to supporting Nikolay and the team in continued product innovation and bringing their services to new markets globally.”
Angus Tyrrell / Trainee, Alice Eccles / Trainee, Adam Hill / Trainee