Pakistan Rupee Exchange Rate
Abu Dhabi’s sovereign wealth fund, Mubadala, participated with a group of investors, including Coatue, D1 Capital Partners, and Tiger Global, to acquire $500m worth of shares.
The London-based FinTech recently received its long-awaited UK banking license, which will allow it to secure additional licenses in key markets worldwide.
Following Mubadala’s investment, Revolut has reportedly begun discussions to enter the UAE market and secure the necessary licenses.
Revolut’s entry into the UAE market will challenge traditional banks, exchange houses, and other FinTechs. Ultimately, the end user will benefit as competition intensifies, leading to a wider variety of services at lower costs.
