Revolut, a digital bank that is based in the UK, is said to be in talks with SoftBank about fundraising that could value the company between $30 and $40 billion. Revolut has asked SoftBank to submit a proposal for an investment that could be worth between $750 million and $1 billion. The deal could be a matter of ‘some weeks’ away.
This means that the digital bank, which is only six years old, could be valued at more than $20 billion this year. It is not known who Revolut is talking to other than SoftBank. SoftBank has backed other companies in funding, including Uber Technologies.
Revolut offered cryptocurrency trading to its clients back in 2017.