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Revolut Soars to $75 Billion Valuation with Nvidia and Top Investors on Board

Prime Highlights:

  • Nvidia and other top investors back Revolut as the fintech secures a $75 billion (£57 billion) valuation.
  • Revolut’s valuation now surpasses major UK banks, highlighting its rapid growth and market prominence.

Key Facts:

  • The secondary share sale involved investors including Andreessen Horowitz, Franklin Templeton, T. Rowe Price, and was led by Coatue, Greenoaks, Dragoneer, and Fidelity.
  • Revolut employees were given the opportunity to sell shares, marking the fifth such share sale event for staff.

Background:

Revolut, the London-based fintech, has reached a $75 billion (£57 billion) valuation through a secondary share sale. Nvidia joined the round through its venture arm, NVentures, alongside investors including Andreessen Horowitz, Franklin Templeton, and T. Rowe Price. The deal was led by Coatue, Greenoaks, Dragoneer, and Fidelity.

The share sale also offered current Revolut employees the opportunity to sell shares, marking the fifth such event for staff.

Revolut’s CFO, Victor Stinga, said: “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. We welcome onboard a series of world-class investors and look forward to working with them for the next stage in Revolut’s evolution.”

The transaction underscores Revolut’s growing prominence in Europe’s financial sector, with a market capitalization now higher than Barclays, Lloyds, and NatWest.

However, the company continues to navigate regulatory hurdles. Reports suggest clashes between the Treasury and the Bank of England over Revolut’s banking licence process, with a key meeting reportedly blocked by the Bank of England governor.

In addition, Revolut co-founder Nik Storonskiy recently updated his residency to the United Arab Emirates, a move reflected in fresh Companies House filings. This follows Revolut’s recent £3bn investment in London as it established its global headquarters in the city.

Even with regulatory and operational challenges, Revolut’s major investment and record valuation show that the fintech is continuing to grow strongly in global financial markets.