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Monday 23 April 2018

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Andy Murray commits to new Revolut crowdfund

Written by Anthony Strzalek
31/07/2017

British tennis ace Andy Murray is one of 40,000 investors taking part in a £4 million crowdfunding campaign for UK digital banking outfit Revolut.

The new crowdfund – which includes pre-registered investors on the Seedrs platform – will complete a £50 million Series B funding round announced by Revolut earlier this month, which was led by Index Ventures with Balderton Capital and Ribbit Capital also investing. The capital will help boost Revolut’s expansion across Asia and North America.

In 2016, the company’s inaugural £1 million crowdfunding campaign was over-subscribed, with more than £17 million pledged by over 10,000 would-be investors. Tennis champion Andy Murray, a frequent investor on Seedrs and one of its advisory board members, was one of those to invest in Revolut’s original crowdfund and has also pre-registered for the latest drive.

Revolut founder and CEO Nikolay Storonsky, said: “We are incredibly excited to open our Series B round to as many members of our 750,000 strong community as possible through our crowdfund on Seedrs. Word of mouth by our loyal customer base is the reason that Revolut has achieved so much in just two years. As a token of our appreciation we are offering them the chance to play a longer term role in the FinTech revolution by owning equity in a fast scaling FinTech as we embark on our global mission.”

Jeff Lynn, CEO and co-founder of Seedrs, added: “We are delighted that Revolut has chosen Seedrs to play a part in their exciting growth journey. It is great news that they secured an impressive Series B round from some highly respected international VCs, and it is better still that the crowd on Seedrs will have an opportunity to get involved with the round.”



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