We are very happy to announce that Revolut, the London-based, Seedcamp-backed startup has just raised $2.3 million (£1.5 million) from Balderton Capital.

Revolut’s vision is to disrupt the financial industry and make international finance truly fair, cutting hidden banking costs to zero. Revolut’s beautifully designed mobile app allows users to exchange money at interbank rates with just a touch of a button and spend it with a multi-currency card that’s accepted everywhere!

Revolut became a Seedcamp-backed company back in February 2015, one of a growing number of startups in the Seedcamp family clustered in the Fintech sector.

“Revolut solves a real problem that we experience as we travel across Europe to look for the best founders to back”, points out Seedcamp’s Sia Houchangnia, “We’re excited that with this new investment, more people will be able to spend money across the globe with zero fees.”

The Revolut team has just announced the release of their free mobile app and prepaid MasterCard. Read how it works here and head over to their website to explore Revolut and download the app!

Big Congrats to The Revolut Team!