Revolut’s U.S. Listing Preference Signals a Broader…
By Abdelaziz Fathi
AI summary of the source article
Revolut is expanding beyond financial services into a broader technology business, using its transaction data to develop proprietary artificial intelligence models. The company recently reached a $115 billion valuation while pursuing banking licences across major markets.
Why it matters
A U.S. bank would give Revolut more than another revenue market: it could expand the data and distribution network supporting its wider technology strategy.
Key facts
- Revolut processes 30 million to 40 million transactions daily, using the data to train proprietary AI models such as PRAGMA, developed with Nvidia.
- A secondary share sale valued Revolut at approximately $115 billion, up from $45 billion in 2024.
- The OCC granted conditional approval for Revolut Bank US, though FDIC, Federal Reserve, and final OCC approvals remain pending.
Source excerpt · FinanceFeeds
Revolut is preparing to expand beyond financial services into a broader technology business, with CEO Nik Storonsky betting that the company’s transaction data can support proprietary artificial intelligence models and eventually help it compete at the scale of major U.S. technology companies. Storonsky said Revolut processes between 30 million and 40 million transactions each day, creating a larg…