(Reuters) – British fintech agency Revolut Ltd on Tuesday launched its banking app and debit playing cards for patrons in the US because it seeks to increase past its base within the UK and Europe.
The quickly rising app, began in 2015, has added 10 million customers and raised $836 million in funding until date.
Revolut stated its app will allow customers to deposit their wage, maintain a monitor of their spending and set month-to-month budgets for journey and groceries.
The corporate additionally stated it intends to supply commission-free inventory buying and selling and cryptocurrency buying and selling within the close to future, making it potential competitors for U.S. fintech corporations similar to Robinhood.
Revolut raised https://www.reuters.com/article/us-revolut-fundraising/british-fintech-revolut-hits-55-billion-valuation-after-funding-round-idUSKCN20J001 $500 million in February in a recent funding spherical, led by U.S. funding agency TCV, pumping its valuation to $5.5 billion.
(Reporting by Ayanti Bera in Bengaluru; Modifying by Ramakrishnan M.)