Revolut, SoftBank Fund in Talks on Fundraising, Sky Reports
(Bloomberg) -- Revolut Ltd. is in talks with SoftBank’s Vision Fund 2 about participating in a fundraising effort that could value the banking and payment app at more than $30 billion, Sky News reported, without saying where it got the information.
The fund is one of several investors that London-based Revolut and its advisers asked to submit proposals in recent weeks for an investment of between $750 million and $1 billion, according to the report. The identity of the other funds in the discussions wasn’t clear, it said.
Revolut and a spokesman for the SoftBank fund both declined to comment, Sky News said.
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