AI chipmaker Nvidia has bought a stake in Revolut valuing the 10-year-old fintech company at $75bn (£57bn), more than the market values of listed high street banks Barclays (BARC), Lloyds (LLOY) and NatWest (NWG).
Nvidia’s venture capital arm NVentures took part in a fundraise led by Coatue, Greenoaks, Dragoneer and Fidelity that provided employees a fifth opportunity to sell some of their shares in the unquoted company.
Revolut did not say how much money it raised but pointed to the strong financial performance behind the hike in valuation from $45bn in August last year.
In 2024 Revolut’s revenue grew 72% to $4bn with profits before tax increasing 149% to $1.4bn. It said this trajectory had continued in 2025 with total retail customers growing to 65m and Revolut Business achieving $1bn in annualised revenue.
Chief executive and co-founder Nik Storonsky said: “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 100m customers across 100 countries.”
As well as a boost for the UK’s fintech sector, the news is positive for shareholders in the winding-down Schroders Capital Global Innovation (INOV) trust. The former Woodford Patient Capital Trust held a £14.5m investment in Revolut, its second biggest holding at 8.4% of net assets at 30 June.
That was before a tender offer in July that returned £37m to shareholders and would have increased Revolut’s weighting in the reduced portfolio. With its shares on a 35% discount to net asset value, INOV now has an £88m market value.
