Revolut valued at $75 billion as Nvidia joins share sale

• Key insight: Nvidia's investment underscores AI infrastructure as a strategic banking differentiator for Revolut.
• Supporting data: Revolut revenue rose 72% to $4.0 billion in 2024; customer base hit 65 million this year.
• Forward look: Watch for potential U.S. and Latin American expansions in digital banking.
  Source: Bullets generated by AI with editorial review

U.K. fintech Revolut received an investment from Nvidia in a recently closed fundraise as the challenger bank continues to push forward its global banking strategy.

The London-based neobank announced on Monday that it is now valued at $75 billion after the completion of a share sale, a $30 billion increase from the company's $45 billion valuation in 2024. 

This sale also included an investment from NVentures, Nvidia's venture capital arm. Neither company disclosed the exact amount of the investment.

Nvidia previously announced in September that it would invest £2 billion into the U.K. technology market, particularly in London, where Revolut is headquartered. Media reports at the time stated that Revolut would be among the beneficiaries of Nvidia's investment pledge.

"The United Kingdom is in a Goldilocks moment, where world-class universities, bold startups, leading researchers and cutting-edge supercomputing converge," said Jensen Huang, founder and CEO of Nvidia, in a company statement at the time. "There has never been a better time to invest in the U.K. With new capital and advanced infrastructure, we are doubling down to empower the U.K. to lead the next wave of AI innovation."

According to a Revolut representative, Revolut and Nvidia have an existing partnership prior to the chipmaker's investment due to Revolut using Nvidia's technology for its AI infrastructure. The fintech currently has an AI chat assistant and an AI-powered scam detector.

The transaction was led by Coatue, Greenoaks, Dragoneer and Fidelity Management & Research Company, with participation from investors including Andreessen Horowitz, Franklin Templeton and T. Rowe Price Associates.

"The level of investor interest and our new valuation reflect the strength of our business model, which is delivering both rapid growth and strong profitability," said Revolut Chief Financial Officer Victor Stinga.

A company representative told American Banker that the fundraising process was "a significant secondary share sale to provide liquidity for our employees" and attributed the valuation increase to higher market demand for Revolut stock.

Current employees were given the opportunity to participate in selling their stocks as part of the share sale in what is now the fifth share sale open to employees that Revolut has authorized.

Revolut's 2024 revenue grew by 72% to $4.0 billion. According to the company, its global retail customer base has surpassed 65 million and Revolut Business achieved $1 billion in annualized revenue in 2025.

"This milestone reflects the remarkable progress we have made in the last twelve months towards our vision of building the first truly global bank, serving 100 million customers across 100 countries," said Revolut CEO Nikolay Storonsky.

Revolut is making moves to expand internationally in multiple markets. The neobank gained clearance to operate a digital bank in Mexico last month, and is also pursuing a license in Colombia and a potential acquisition in Argentina. 

The neobank is exploring being a U.S.-licensed bank, a company representative told American Banker, and Revolut's U.S. CEO Sid Jajodia told Reuters in September that Revolut is "actively looking" at whether to acquire a U.S. bank or to apply for its own banking license.

Emmett Higdon, director of digital banking at Javelin Strategy and Research, told American Banker that Revolut may have a stronger chance of success at entering the U.S. market if the company buys a bank.

"The current regulatory environment in the U.S. is far more friendly to mergers than to new bank charters, so it is far more likely to see Revolut pursue a purchase of an existing bank to succeed in landing a national banking charter," Higdon said.

Higdon said that a risk for Revolut in entering the U.S. banking market is assuming that what has worked well in other parts of the world will also be successful in the States. 

"The landscape is littered with others who have failed there, like N26," he said. "Santander is working carefully to avoid these mistakes with the U.S. rollout of its digital bank, Openbank."

Higdon noted that Revolut and Monzo, another U.K.-based digital bank, are both currently pursuing U.S. bank charters.

"Monzo's current structure and offerings are more closely aligned with the U.S. market," he said.

Revolut is also building a financial super app in a number of markets, including the U.S., China and its home market of the U.K. As part of its effort, Revolut has introduced dozens of banking and payment products as rivals such as PayPal and Block also rapidly add financial services.

"Revolut is dangerously close to wanting to be all things to all people, an almost certain to fail approach in the U.S.," Higdon said. "SoFi is the closest model in the U.S. to where Revolut appears to be headed. [SoFi] is close to stretching itself too thin, but appears to be throwing a lot of things at the U.S. consumer to see what sticks rather than attempting to be all things to all consumers."