Europe's New Fintech Unicorn, Revolut, Heads to America

May 11, 2018

By Conor White

Europe has a new unicorn.

The London-based fintech company Revolut announced last month it raised $250 million in Series C funding, bumping its valuation to $1.7 billion.

Revolut will use some of that money to jump across the pond to the United States.

"Given how aggravated people are with banking in general, we believe there's a huge market to go into the U.S. and cause serious disruption," said the Revolut chief marketing officer, Chad West. "So a huge amount of this capital will be expanding ourselves into the U.S., and building a real, innovative team out there."

In just 36 months, Revolut has raised $340 million, signed up more than 2 million customers in Europe, and has its sites set on conquering America and challenging companies like Robinhood.

"Right now Robinhood is purely on that road of wealth management and investments," West said Friday in an interview with Cheddar. "When Revolut comes to the U.S.A, there's nothing quite like us. We are the definition of a challenger bank."

For the full interview, click here.