Official announcements from Revolut or Novatus, or major financial news outlets

Novatus Secures $40M at $150M Valuation to Tackle RegTech Challenges for Revolut

Sep 12, 2024, 12:15 PM

Novatus has secured $40 million in funding to aid financial institutions in managing regulatory technology (RegTech) challenges. The company, which assists firms like Revolut in data management for regulatory compliance, achieved this milestone at an approximate post-money valuation of $150 million. This development highlights growing investor interest in fintech companies focused on small and medium-sized businesses (SMBs) and regulatory technologies.