Fintech Startup Linked to Pre-Paid Master Card Raises Over £7.75 mln

Fintech Startup Linked to Pre-Paid Master Card Raises Over £7.75 mln

UK-based fintech startup Revolut raised over £7.75 million of funding via venture capital firms. Equivalent to roughly $10,292,968 USD, £6.75 million alone was from 6 venture capital firms including Balderton Capital and Index Ventures with an additional £1 million raised by the company’s equity crowdfunding campaign on Crowdcube allowing users to get a slice of the company. Revolut itself is an app that is linked to a pre-paid MasterCard, giving the user all the features a MasterCard has and allowing people to deposit money using their bank account or credit card. Once loaded, users can....


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Quotes

There will be a future where people will use Bitcoin, and they won’t even know they’re using it. At that point it’s everywhere — it’s a part of global finance, it’s a part of our everyday lives. In the same way using email was very difficult and the edge of technology… it’s always difficult, it’s problematic, it’s painful to use, and we’re at that point in Bitcoin right now. The point where we’re beyond it is the point where people don’t think of email as the bleeding edge of tech because it works so well everyone uses it… I think it’s going to get to that point.

Winklevoss Twins, Entrepreneurs