Crypto-friendly investing app Revolut in talks to raise $500M for global expansion

Crypto-friendly investing app provider Revolut is in discussion with investors to raise $500 million in new funding for global expansion, including the U.S. and Japan.

“We want to raise at least $500 million in direct equity and potentially, maybe at a later stage, up to $1 billion in convertible (debt),” Revolut co-founder and CEO Nikolay Storonsky told Reuters in an interview on Tuesday.

Storonsky added that the firm has done “soft marketing” with investors and is continuing doing it, “so hopefully in the next several months, we’ll get it [fundraising] done.” The firm's current total funding to date is $336.9 million, according to Crunchbase.  

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