Central regions | Finance, business | Technology & innovation

Russian fintech start-up in UK plans expansion

11 Sep '17
Revolut, a UK-based start-up of Russian origin operating in the fintech sector, earlier this year raised $66m from a consortium of venture funds to support a major expansion in Asia and North America, and also to develop new services enabling customers to use cryptocurrencies.

Revolut offers a MasterCard banking card with accounts in three different currencies which are managed through a mobile app. Using the Revolut solution also enables clients to send money to a variety of MasterCard and other accounts.

The start-up was established in 2015 by Nikolai Storonsky, an ex Russian resident, and Vlad Yatsenko, a former tech developer for Deutsche Bank AG. In February 2016, the young company raised £1.7m from the Seedcamp accelerator program and a pool of VC funds and angel investors.

Revolut is also hoping to enable its customers to widely use virtual currencies, such as Bitcoin, Litecoin, and Ethereum.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: investment (544) / cryptocurrency (3) / Revolut (1) / fintech (0) / MasterĐard (0) /

 

Feature stories

7 Sep '17
26 Jul '17
Scientists at Tomsk Polytechnic (TPU) in Siberia have...
20 Jun '17
In regions most of European Russians will hardly ever...
Search (News archive - 21157)
Advertising
Marchmont News
Advertising
Nano & Giga Symposium

Latest News

19 Sep '17
Scientists in St. Petersburg have partnered with...
18 Sep '17
A new venture fund has been launched in Russia to...
15 Sep '17
Researchers at the North-Eastern Federal University...

Most read stories from last week

18 Sep '17
A new venture fund has been launched in Russia to...
19 Sep '17
Scientists in St. Petersburg have partnered with...