“With over 700,000 customers across Europe in just two years, I’m confident that Revolut will attract similar demand across Asia and North America,” Storonsky added.

The investment round was led by international venture capital firm Index Ventures, and received further backing from London-based venture capital firm Balderton Capital and U.S.-based Ribbit Capital.

“Revolut is on a mission to create a world where moving money is easy, instant, free and transparent, regardless of country or currency,” Martin Mignot, partner at Index Ventures said in a statement on Wednesday. “It is removing barriers between people and merchants, enabling them to transact seamlessly around the world.”

Revolut is soon expected to launch personal international bank account number (IBAN) accounts across Europe, allowing customers to hold, exchange, spend and transfer cryptocurrencies.

The startup is also planning to introduce an integrated investment platform, where its customers can buy stocks and bonds on the go.