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 (548) / cryptocurrency (4) / Revolut (1) / fintech (0) / Master—ard (0) /

Latest News: Central regions
16 Jan '18 | Finance, business | Technology & innovation
15 Jan '18 | Technology & innovation
11 Jan '18 | Finance, business | Technology & innovation
9 Jan '18 | Technology & innovation | Retail, FMCG
 

Feature stories

21 Nov '17
Russian scientists have come up with what they say is...
7 Sep '17
26 Jul '17
Scientists at Tomsk Polytechnic (TPU) in Siberia have...
Search (News archive - 21208)
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

19 Jan '18
Scientists in Samara have come up with a new method...
18 Jan '18
Scientists in St. Petersburg have partnered with...
17 Jan '18
Russian scientists in partnership with their Korean...

Most read stories from last week

16 Jan '18
Primer Capital, a Russian venture fund, has invested...
17 Jan '18
Russian scientists in partnership with their Korean...
18 Jan '18
Scientists in St. Petersburg have partnered with...