Big Money: Once Again, FT Partners Plays Key Role in Fintech Transaction Acting as Exclusive Advisor to Revolut Funding Round

Once again, leading Fintech investment bank FT Partners has played a key role in an outsized funding round in the Revolut transaction.

As was reported earlier today, Revolut raised $800 million at a whopping $33 billion valuation. The funding was led by SoftBank – Tiger Global.

In a deck viewed by CI, FT Partners noted that they served as the exclusive financial and strategic advisor to Revolut. FT Partners highlighted some interesting stats pertaining to Revolut:

  • Revolut is the most valuable “Financial Superapp”
  • This is the 2nd largest Fintech capital raise ever in Europe
  • Revolut is the 4th most valuable private Fintech in the world
  • This funding round is one of the top 20 Fintech raises globally

Revolut currently claims over 16 individual accounts, operating in 35+ countries handling 150 million transactions per month. Beyond providing traditional banking services minus the costly bank branches (and employees necessary to staff the real estate) Revolut is pursuing a path of providing more than just deposits and loans. Today, digital banks (or neo-banks) must go beyond a great app that offers banking services minus the ridiculous fees charged by old banks; you must offer other services demanded by today’s consumers along with services not provided by incumbent banks. Think crypto. Think linked 3rd party services.  Think multi-currency accounts. And more. While old banks huff and puff on billions of dollars in overdraft fees, Revolut is targeting the future of financial services.

Regarding FT Partners, the list just keeps growing of big-money deals in the booming Fintech sector – a trend that should continue for years.

 

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