Revolut in bid to raise £1.2bn and become Europe’s most valuable fintech firm

City A.M. | Oct 12, 2019 at 2:40 PM
  • Fintech firm Revolut is seeking to raise £1.2bn from its investors in the coming months.
  • Founder and chief executive Nik Storonsky is targeting a valuation between £3.9bn and £7.9bn to make Revolut the most valuable fintech company in Europe.
  • The company is also hoping to unveil Martin Gilbert as its new chairman in the coming months, while former boss of Goldman Sachs in Europe, Michael Sherwood, has also been lined up as a non-executive director.