Nikolay Storonksy, Founder and CEO of Revolut, pictured above.
It is our pleasure to welcome Revolut to the Balderton portfolio. Revolut is 'the new way to instantly send and spend money globally with zero fees.'
The addressable market for Revolut is huge. Of course, eradicating hidden costs for travellers is a big part of what they do, but Revolut's app has a myriad of applications. Those who own property abroad, companies that pay foreign workers, and those sending wages across borders all stand to benefit.
We are delighted to invest in Revolut as they have an exceptional team, and they're solving a major pain-point for consumers all over the world, and they're doing it with an extremely elegant, mobile-first user-interface.
You can read more about Revolut's funding announcement here.