Revolut Ltd. garnered a $75 billion valuation in its latest share sale after months of courting investors, a steep increase from the $45 billion price tag it received last year. Most Read from Bloomberg The round was led by Coatue, Greenoaks, Dragoneer and Fidelity Management & Research Company, according to a statement. Nvidia Corp.’s venture capital arm NVentures, Andreessen Horowitz, Franklin Templeton, and accounts advised by T. Rowe Price also participated. Revolut has spent months putting together ...

Core Insights - Wise Plc is focused on expanding its business in the United States through two main strategies: obtaining approval as a national trust bank and launching a secondary stock listing on US exchanges [1][6] - The company's financial strain is evident, with a 27% increase in administrative expenses to £466 million ($595 million) for the half-year ending September 2025, largely due to preparations for the US share listing [3][4] - Despite revenue growth from cross-border payment services, Wise faces challenges from traditional banks concerned about fintech competition and regulatory hurdles [4][5] Financial Performance - Administrative expenses surged by £11.5 million due to compliance and SEC requirements related to the US share listing [3] - Underlying pretax profits have declined as a result of increased investments in regulatory compliance and market entry strategies [3] Regulatory and Competitive Landscape - Wise is actively engaging with the Office of the Comptroller of the Currency (OCC) to address any concerns regarding its national trust bank application [2][6] - Traditional banks are pushing back against Wise's efforts, fearing loss of market share and increased competition in an already transforming financial landscape [4][5] Future Outlook - Achieving national trust bank status would allow Wise to accept deposits and offer more lending options, while a dual listing could attract institutional investors [6] - Analysts suggest that the approval process may extend into 2026, depending on the OCC's evaluation of Wise's risk management and capital reserves [6] - Wise's leadership views current challenges as essential for long-term growth, emphasizing the need for patience in navigating regulatory landscapes [7]