UK-based banking services provider Revolut has raised $800 million in the latested round of financing led by SoftBank's Vision Fund and Tiger Global Management, according to Reuters.

After the new funding round, Revolut is now valued at around $33 billion, a sixfold increase on the $5.5 billion the company was worth last year.

According to CNBC, The latest financing round makes the company the second-largest fintech unicorn — a private start-up worth over $1 billion — in Europe, behind buy-now-pay-later giant Klarna.

Mikko Salovaara, Revolut’s chief financial officer, told CNBCreporters Thursday that the compant had no immediate plans for an initial public offering. But he said he didn’t rule out an IPO this year but suggested it was unlikely.

Revolut was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. It provides banking services, especially in mobile banking, card payments, money remittance, and foreign exchange.