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Revolut
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== Use of proceeds<ref name=":0" /> == The funds raised will be used in two ways: (1) International expansion and (2) product development. Starting in 2017, the fast-growing startup will be expanding internationally, with the aim of establishing itself as the number one platform for consumers and businesses for managing their finances. Revolut intends to initially expand its services across North America and Asia. The equity raised will be used to hire a world-class team of International Expansion Managers, paying for the infrastructure and relevant licensing required to operate across new territories and to accelerate customer acquisition globally. Revolut will also use the funds raised to accelerate product development for its consumer and business products. Currently some of Revolutโs services are made available in the Revolut app via partnerships with licensed third-parties. The funds raised will enable Revolut to apply for licences to provide these products in-house, which should in-turn increase profit.
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