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Revolut becomes UK’s biggest fintech firm with £24bn valuation

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It comes after banking app raised $800m from new investors Tiger Global Management and SoftBank

The banking and payments app Revolut has become the most valuable British fintech firm on record after a fresh funding round pushed its valuation to $33bn.

The company, founded by the former Lehman Brothers trader Nik Storonsky in 2015, announced on Thursday that it had raised $800m (£579m) from new investors Tiger Global Management and the major Japanese investment group SoftBank, which now hold a near 5% stake in the business.

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