Share this article
UK Payments Startup Integrates Bitcoin After $66 Million Fundraise
A fintech startup in the UK is launching a suite of cryptocurrency services following the completion of a $66m Series B funding round.
By Chuan Tian
Updated Sep 11, 2021, 1:31 p.m. Published Jul 12, 2017, 3:31 p.m.
A fintech startup in the UK is launching a suite of cryptocurrency services following the completion of a $66m Series B funding round.
According to a report from Reuters, Revolut's funding came from a group of backers including Index Ventures, which is an investor in industry startups BitPay and Xapo. Balderton Capital and Ribbit Capital also took part in the round, the startup said in a blog post.
STORY CONTINUES BELOW
The company, which reportedly has around 700,000 customers (including 400,000 based in the UK), offers a digital banking app as well as payment card services via MasterCard.
Those services are expanding to include bitcoin payment options, with integrations for litecoin and ether on the way. The startup told Reuters that demand for bitcoin among its user base had prompted the move.
Posts on Revolut's community forum indicate that requests for a bitcoin option date back to as early as last summer.
Though it has to date served a primarily European market, Revolut said that it is looking to advance its offerings abroad, with product pushes planned for Asia and North America.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in BitPay and Xapo.
Mobile phone image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Stripe-Backed Blockchain Tempo Starts Testnet; Kalshi, Mastercard, UBS Added as Partners
Tempo, built by Stripe and Paradigm, has started testing payment-focused blockchain and has onboard a slew of institutional partners.
What to know:
- Stripe and Paradigm’s Tempo blockchain has launched its public testnet for real-world payment testing.
- Kalshi, Klarna, Mastercard and UBS are among a wave of new institutional partners now involved in the project.
- Tempo aims to offer low-cost, fast-settlement infrastructure for global payments as stablecoin adoption is accelerating globally.
Top Stories
