Revolut Secures Nvidia Investment As Valuation Soars To $75 Billion

Core Insights - Revolut's valuation has increased to $75 billion following a secondary share sale, marking a 66% rise from the previous year, highlighting its attractiveness to Nvidia's venture arm NVentures [2][3] - The investment is anticipated to enhance Revolut's collaboration with Nvidia, particularly in artificial intelligence, although specific details of the partnership remain undisclosed [3] - Nvidia's investment provides a strategic entry into global finance, complementing its dominance in the AI sector, as it recently became the world's first $5 trillion company [4][5] Company Performance - Revolut's latest share sale was led by prominent investors including Coatue, Greenoaks, Dragoneer, and Fidelity, with participation from Andreessen Horowitz, Franklin Templeton, and T. Rowe Price Associates [6] - The CFO of Revolut emphasized that the strong investor interest and new valuation reflect the company's robust business model, which is achieving rapid growth and strong profitability [7] - Revolut aims to invest $13 billion in expanding its services to 100 countries and increasing its customer base to 100 million, currently serving about 65 million customers across over 50 markets [8] Regulatory Environment - Despite its rapid growth, Revolut is still seeking approval for a full banking license in the U.K., with delays attributed to concerns over its risk controls relative to its international operations [9] - The company holds a European Union banking license and is considering applying for a U.S. banking license or acquiring a U.S. bank [9] Financial Performance - Revolut expects to generate over £4 billion in revenue this year, following a pretax profit of $1.4 billion in 2024, marking its fourth consecutive year of profitability [10] - With Nvidia's backing secured, Revolut's growth trajectory appears poised to continue [10]