Revolut Rumours

Reports of a pending investment from Softbank

via CityAM, originally published on Nov. 14, 2018 here

Posted by Steve

- updated at Nov. 15, 2018, 10:37 a.m.

Numerous reports of the bank raising $500m (£389m) series D round from Softbank to hel launch in the US. Expected to close in the new year.

Last round closed at $250m, at $1.7bn valuation.

Previous backers; Index Ventures, Draper Esprit and DST Global

Softbank said earlier this year that it was looking to deploy around $200m into fintech from its $100bn Vision Fund, and was reported by Sky News to have explored a similar investment in UK challenger bank Oaknorth. - verify

The Vision Fund and Softbank have been under increasing scrutiny in recent months, as a significant portion of its backing is sourced from Saudi Arabia’s Public Investment Fund (PIF). verify

Revolut, Oaknorth and Softbank declined to comment.



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