25 June 2018
Visit www.worldwealthreport.com/

Revolut to undertake £4 million crowdfund raise; launches subscription service

23 March 2017  |  6347 views  |  0 Blurr Business People Walking

Revolut is taking a leaf out of Amazon's playbook, launching a Prime-like subscription account that gives members cheaper deals and the opportunity to participate in a forthcoming crowdfunding raise.

A 12-month membership to Revolut Premium will cost £72 and offers subscribers fee-free currency exchanges at interbank rates, a premium Mastercard, overseas medical insurance, a doubling of limits on ATM withdrawals and 24x7 customer support.

The first 5000 customers to sign up to Revolut Premium will also receive priority access to invest in the company’s upcoming investment round on crowdfunding platform, Seedrs, a £4 million campaign which follows a successful £1 million raise last year.

Initially conceived as a foreign exchange app, Revolut has significantly expanded its portfolio of offerings to encompass current accounts and fast loan deals, attracting 550,000 customers across 42 European countries.

The company is currently in the process of launching a business platform targeted at helping British and European companies to manage international payments, payroll and corporate travel.

Nikolay Storonsky, founder & CEO, Revolut says: “Revolut is building a 21st century finance alternative designed for a global lifestyle. Revolut Premium will be an all-you-can-eat membership program for a new generation of digitally-driven demanding consumers who feel disengaged from their current financial service providers.”
KeywordsFINDEX

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Meet Rita; Revolut's troubleshooting digital assistant

Meet Rita; Revolut's troubleshooting digital assistant

08 February 2017  |  7024 views  |  0 comments | 3 tweets | 9 linkedin
Revolut breaks UK crowdfunding record with over £12 million pledged

Revolut breaks UK crowdfunding record with over £12 million pledged

13 July 2016  |  8857 views  |  0 comments | 26 tweets | 10 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.worldwealthreport.comVisit iliad-solutions.com/Visit equensworldline.com

Top topics

Most viewed Most shared
GPS raises £44 million to fund international growthGPS raises £44 million to fund intern...
27941 views comments | 7 tweets | 8 linkedin
ING and BNP Paribas invest in blockchain-powered trade platform TradeIXING and BNP Paribas invest in blockchain-p...
8360 views comments | 16 tweets | 28 linkedin
Spanish banks move ahead with blockchain platform for digital IDsSpanish banks move ahead with blockchain p...
7201 views comments | 20 tweets | 27 linkedin
Brazilian regulators to share data over private blockchain platformBrazilian regulators to share data over pr...
6953 views comments | 9 tweets | 11 linkedin

Featured job

to $120K base, 200K ote, benefits
New York City, NY - USA

Find your next job