The valuation of Revolut, an international payments startup, is set to quintuple in less than a year due to a new fundraising round.According to Recode Daily, DST Global, an investing firm founded by Russian venture capitalist Yuri Milner, is expected to lead a round that values the company at about USD 1.4 billion, not including the new cash. 06.02.2018 | 12:01 Fintech startup challenges Tinkoff Bank Revolut has been pitching investors in recent months on a deal that would raise about USD 150 million, but the total amount collected could now climb to USD 250 million. The round is not yet closed.The London-based company was valued about USD 255 million last summer. Recode Daily stresses that a five-times rise in value isn’t normal, and it’s a rare spike in what are generally tough times for the financial technology, or fintech, industry.The hot startup, led by CEO Nikolay Storonsky, functions like a digital bank, allowing users to transfer money across different currencies without transaction fees. It claims 1.7 million users and has about 350 employees.DST Global has in recent months focused more and more on the fintech sector.The partner of Fintech section is Tweet Views 15908