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Crowdcube investors see strong returns on Revolut investments

Martin Greenland | 07:29 Wednesday 8th August 2018

Crowdfunding investors who backed Revolut through Crowdcube have now realised returns of around 19 times their original investments.

In July 2016, Revolut raised £1.01m from investors via the crowdfunding platform only a year after the company was founded.

Investors were allowed to invest as little as £10 or as much as £5,000.

In April this year, Revolut received a $250m investment led by DST Global, which saw the fintech company valued at around £1.2bn.

Revolut is the second business to join Crowdcube’s ‘unicorn club’ of companies valued over $1bn, after BrewDog achieved such status in April 2017.

Nikolay Storonsky, co-founder of Revolut (pictured above), said: “Consumers tend to have distant relationships with their banks, but we wanted to create a community around the Revolut brand by letting our customers invest and financially benefit as we grew.

“Financial gains should not be exclusive to banks, but also to the people which help them grow and succeed."

Last month, Revolut announced that it had signed up one million customers in the UK.

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