Investors who backed Revolut in the digital bank’s latest investment round on Crowdcude have now realised returns of 19x on their original investments.

In July 2016, Revolut held a funding round on Crowdcude which enabled the public to invest as little as £10 or as much as £5,000. In April this year, Revolut received a $250 million investment led by DST Global, setting a valuation of £1.2 billion.

Following that investment, crowd investors were offered the opportunity to either sell their shares back to Revolut or retain them. Those who chose to sell have now received payment into their bank accounts.

Revolut originally raised £1.01m from crowd investors via Crowdcube in July 2016, only a year after the company was founded, and at the same time as Balderton Capital and Index Ventures, the leading venture capital firms, made investments. At that point the company was valued at £42 million.

Nikolay Storonsky, co-founder of Revolut, 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.”

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