Fintech Firm Revolut Raises $250 Million, Adds BCH And XRP to Its Crypto Service.
Revolut, the London-based digital banking startup that claims its platform is the “easiest, fastest way to buy, hold and exchange Bitcoin, Ether, and Litecoin at the best possible exchange rate,” announced the addition of Ripple and Bitcoin Cash to its trading options. The announcement includes news that the company raised a $250 million Series C investment round and is now valued at $1.7 billion.
DST Global, a company that was early investors in Facebook and Spotify, led the funding round, which included other high profile venture capital firms Index Ventures and Ribbit Capital.
“Despite being one of the hottest trends in the world right now, getting exposure to cryptocurrency has notoriously been time-consuming and expensive. We are going to open up cryptocurrency exposure to everyone, faster than any other platform on the market.”
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