If you still think of Revolut as “that travel card for cheap exchange rates,” you are about five years behind.
In a secondary share sale confirmed this week, the London-based fintech giant has secured a $75 billion valuation. To put that number in perspective: Revolut is now more valuable than Barclays, NatWest, or Lloyds. It isn’t just a “challenger” bank anymore; it is the heavyweight champion.
The round was led by Coatue, Greenoaks, and—interestingly—Nvidia’s NVentures, signaling that even the banks of the future are becoming AI companies.
The “Super App” Dream is Actually Working
For years, skeptics argued that the Western world wouldn’t adopt a “Super App” like China’s WeChat. Revolut has proven them wrong.
With over 65 million customers globally, the app has successfully layered seemingly unrelated products into a single ecosystem:
- Travel: eSIMs and hotel bookings.
- Wealth: Stock trading, crypto, and commodities.
- Lifestyle: The “RevPoints” loyalty program that competes with Amex Membership Rewards.
The result? Revolut isn’t just holding your money; it is actively monetizing your attention. Their 2024 financial report showed a massive $1.4 billion profit, a rarity in a sector where most “neobanks” are still burning cash.
The Artificial Intelligence Pivot
Why is Nvidia investing in a bank? Because Revolut is automating the “banker.”
The company has been aggressively hiring machine learning talent to build AI-driven wealth managers and autonomous fraud detection. The goal is to lower the “cost to serve” a customer to near zero, while using AI to cross-sell high-margin products like insurance and credit.
The Elephant in the Room: The IPO
With a $75 billion price tag, Revolut has effectively outgrown the private markets. There are very few pockets deep enough to write the next check.
This valuation sets the stage for what will likely be the biggest IPO of 2026. The only question remaining is the venue: London (their home) or New York (where the valuations are higher). For UK regulators, losing Revolut to the Nasdaq would be a crushing blow to the London Stock Exchange.
The Takeaway: The era of “fintech tourists” is over. Revolut has survived the interest rate hikes, the crypto winter, and the regulatory scrutiny to emerge as a global financial infrastructure.
