You may have read in the news that we have recently raised $66 million in a successful Series B fundraising round. Now we want to make sure that our valued customers have an opportunity to share in our journey, we are now raising an additional £4 million from the crowd in exchange for shares in Revolut!
Investing involves risks including loss of capital. The above FAQs have been approved as a financial promotion by Seedrs Limited, which is authorised and regulated by the Financial Conduct Authority.
Why should I consider investing?
After just two years, Revolut has gained over 730,000 customers across Europe who have collectively transacted over $3.2 billion. In July 2016, our £1m crowdfunding campaign was oversubscribed by over 10,000 would-be-investors who pledged to invest £17m. We have also raised a total of $83m investment from some of Europe’s most well-known Venture Capital firms including Index Ventures, Balderton Capital and Ribbit Capital.
We’re on a mission to build the future of money beyond banking, and you can be a part of it. We believe that today’s hyper-connected world deserves a financial partner just as progressive. One that adapts to your needs, gives you control and constantly pushes you into new exciting spaces. Free international money transfers, fee-free global spending - at the interbank exchange rate. Business or Consumer, Revolut is the ultimate banking alternative designed for your global lifestyle.
Over the next year, we intend to take Revolut global. We’re aiming for 50 million customers globally in 3 years.
Investing involves risks inc loss capital. The above FAQs have been approved as a financial promotion by Seedrs Limited, which is authorised and regulated by the Financial Conduct Authority.
How can I pre-register?
Our pre-registration page will go live on Monday 24th July. You’ll be able to access the page via the Revolut app, our social media pages or our website here.
What does pre-registration mean?
Given our existing user base of over 730,000 customers and how oversubscribed our previous campaign was, we’ve created a pre-registration process to determine who will receive access when the investment goes live on 31st July.
In April this year, we ran a campaign which promised the first 5,000 Premium members early-access to our crowdfunding campaign. We’ve contacted all of the first 5,000 Premium members to gather interest, and those who have pre-registered previously (or those who pre-register between Monday 24th - 28th July) will get early-access to our invest page from Monday 31st July.
After they’ve had a chance to invest, we’ll open the opportunity to more Revolut users on the investor list on Wednesday 2nd August. These customers will be added to a ballot and randomly selected to ensure that everyone has a fair chance! When it fills up, we’ll stop sending invitations and the round will be closed.
Are there limits on the amount I can invest?
We want to give everyone the opportunity to invest in our future. Therefore, the minimum investment amount is only £10! Premium members will have a maximum investment amount of £2,000 and Standard users will have a maximum amount of £1,000.
Who can invest?
You have to be a Revolut user to invest in Revolut. You can sign up to Revolut for free via the Google Play or iOS app store.
What happens after I pre-register?
If you make it into our investment round, we’ll send you an email on Wednesday 2nd August with a link to access our investment page. Please keep an eye on your email inbox so you don’t miss out.
How do I actually invest?
We’ve partnered with one of Europe’s leading crowdfunding platforms - Seedrs. You’ll need to create an account on Seedrs here to invest. If your name appears next on the list, we’ll send you an email with a link to access our investment page.
We advise that you create an account with Seedrs before the investment round goes live to avoid potentially missing out because you have to sign up to the platform first.
How do I make a return?
Investors will receive shares in Revolut in exchange for their investment. If Revolut makes an exit further down the line via an IPO or a trade sale, if the company’s valuation has increased then you could make a profit on your investment. When investing in early-stage businesses like Revolut, investors should assume that their shares are illiquid and that there is no simple way to sell shares until there is an exit event like IPO or trade sale.
The Seedrs Secondary Market is a place for investors to buy and sell shares from each other. Currently, only existing shareholders in a business are eligible to purchase shares. The market is open for one week, starting on the first Tuesday of every month for investors to list their shares for other investors to purchase. Not all shares will be eligible for the Secondary Market and, even if they are, the ability to buy and sell shares will depend on demand. Investors should not assume that an early exit will be available just because a secondary market exists.
What fees does Seedrs charge investors?
Fees are only charged to investors if the businesses they invest in increase in value and there is an exit event (like IPO, trade sale, etc). Seedrs charges a fee of 7.5% on any profit made (i.e. in excess of the capital invested) on investments held by Seedrs as nominee. They do not charge any ongoing administration or management fee for acting as nominee.
How do you make an investment on Seedrs?
Go to your campaign link which you will receive by email
Click ‘Proceed’ (or if already registered then “login” and skip to 7)
Fill out your personal details and click ‘Join’
Choose the investor profile that applies to you and click ‘Proceed’
Dependant on your situation you may need to provide us a screenshot/photo of a utility bill and passport/license to pass our KYC (Know Your Customer) process. Seedrs has to do this as a regulated FCA business to ensure there is no money laundering activity on our platform.
Once you have passed KYC, simply enter the amount you would like to invest and voilà you’ve invested in your chosen campaign.
What is KYC and why do I have to pass it?
The KYC (Know Your Customer) checks are in place to ensure there is no money laundering activity on Seedrs. Most investors will be able to pass KYC automatically by inputting their details, however some may require a manual check. This mostly happens if, for example, youhave recently moved and it isn’t yet reflected in various online databases. If you need to pass a manual check you will be asked to send the following supporting evidence to firstname.lastname@example.org and they will aim to get them approved as soon as possible:
• government issued photo ID; and
• a proof of address document (utility bill, bank statement, or letter from a local / national authority) showing your full name residential address and dated within the last three months.
Which investor profile should I choose?
The Financial Conduct Authority requires us to categorise investors before they invest, as “High Net Worth Investors“, “Sophisticated Investors” or “Everyday Investor“. The definitions of these terms are found in the Seedrs Glossary. If you have any questions about these, please contact email@example.com.
What do I need to do after pre-registration?
First, you need to sign-up to Seedrs (https://www.seedrs.com/signup) to make sure that when the campaign goes live you are ready to make an investment. Then, once it has reached your turn to invest, based on the order of priority, you will receive a link by email to the campaign.
What are the risks of investing in equity?
All investments carry varying degrees of risk, and investing in early-stage and growth-focused businesses is no different. The main risk associated with investing is that the business will simply fail, and investors won’�t get their money back. Illiquidity is another consideration because, even if the business succeeds, investors are unlikely to receive dividends or be able to sell their shares for a number of years. There is also a risk of dilution: if a business requires further capital in the future (a highly likely scenario), and issues more shares in exchange for that capital, the percentage of equity held by earlier investors will decrease. Please take a look at the Seedrs Risk Warning for more information.
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