Revolut signs deal with LegalTech startup Sparqa Legal

Hot on the heels of announcing its new $5.5bn valuation, Revolut is now aiming to take a bite out of the legal services market with a new deal.

The digital bank has signed a deal with Sparqa Legal, the LegalTech firm, according to Legal Check.

The deal will empower Revolut’s customers to access the online platform for free. Although, if they want to customise any legal documents such as privacy policies, employment contracts and trademark applications, then they need to pay a little extra.

“Savvy businesses of all sizes are increasingly looking for innovative digital solutions that solve old problems in new, cost-effective ways,” said Vaidas Adomauskas, head of business product at Revolut. “This new partnership between Revolut Business and Sparqa Legal will put affordable legal services at the fingertips of our customers. Legal services is yet another new area where we are excited to further empower our business customers.”

Revolut officially announced that it had hit its $5.5bn valuation after closing a Series D round on $500m earlier this week. Prior to the official reveal, rumours had circulated pegging that the FinTech would reach just $5bn whereas a report from The Telegraph suggested the bank would reach a $6bn valuation.

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