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.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Revolut granted European banking licence
Revolut has announced that it has secured its European banking licence...
Starling hires head of SME banking
Starling Bank has announced the appointment of Stuart Doignie as its head of SME banking...
Local brewery secures backing from Development Bank of Wales
The Development Bank of Wales has part-funded a £134,000 capital investment project by Wild Horse Brewing Company...
Metro Bank adds international payments to mobile app
Metro Bank has enhanced its mobile app with the introduction of international payments for its personal and business customers...
How digital technology can help high street banks innovate
As society moves more and more towards a digital future, the closure of retail bank and building society branches is anticipated to accelerate...
Mortgage Industry Collective releases charity single
A group of mortgage professionals have collaborated to release a Christmas charity single to raise money for End Youth Homelessness...
City of London Group appoints first NED for Recognise
City of London Group PLC (COLG) has named Simon Wainwright (pictured above) as the first non-executive director for its subsidiary Recognise Financial Services...
BBB names network director for North and Midlands
The British Business Bank (BBB) has appointed Geoff Whiteland as its new UK network director for the North of England and the Midlands...
Wyelands Bank completes ABL deal for stainless steel supplier
Wyelands Bank has completed a seven-figure, asset-based lending deal for AD Bird Stainless Limited...
Axis Bank names new MD and CEO
Axis Bank Ltd has announced that Shri Amitabh Chaudhry will become its new CEO and managing director...
Co-operative Bank to apply for grants from RBS fund
The Co-operative Bank has announced it will apply for funding from the RBS alternative remedies package as it looks to grow its presence in the business banking market...