Ashurst advised Sprints Capital, a growth investment fund based in London, on its investment in Revolut as part of a $250m Series C funding round. Revolut is a London-based fintech startup offering app-based digital banking services such as pre-paid debit cards and fee-free currency conversion, as well as cryptocurrency exchange. The funding round, led by DST Global, is one of the largest ever funding rounds in the European fintech space and Revolut (founded in 2013) is now valued at $1.7bn, making it Europe's latest tech "unicorn".

The Ashurst team was led by private equity (corporate) partner David Carter, assisted by senior associate Braeden Donnelly.

Commenting on the transaction, David Carter, said: "Having assisted with the formation of the Sprints fund, Ashurst was delighted to act for the fund on its investment in Revolut."