- Venture capital Draper Esprit said Thursday it committed up to $16.5m in fintech firm Revolut.

Draper Esprit's investment in Revolut was part of their latest Series C funding round, which sees Revolut valued at $1.7bn, taking their total funds raised to $340m since launch in 2015.

Revolut was said to function like a digital bank, allowing users to transfer money across different currencies without transaction fees.

At 9:59am: [LON:GROW] Draper Esprit Plc share price was -3p at 463p

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