Revolut overtakes Barclays in value after Nvidia-based deal puts Fintech at $75bn
Revolut has stopped fueling prices after receiving a price tag of $ 75 billion for a position with a large share backed by NVIDIA, stealing the most important area of Europe’s secret technology for the British Fintech sector.
The deal — which mostly involves workers selling off parts of their holdings — marks a dramatic jump from the $45 billion highway deal last year. We now surpass the market capitalization of Barclays (£55.7bn / $73bn), and other UK Banking giants including Lloyds and Natwest.
The transaction attracted heavy investors including cotue, greenooks, Dragoneer and loyalty, while nvidia’s arm took an equity stake – a symbolic synchronization from one of the world’s most influential technological firms.
The agreement is a five-fifths share and allows thousands of its more than 10,000 employees to participate in the growth of the company. Employees are allowed to sell up to 20% of their holdings, with shares priced at $1,381.06 each. No new capital has been raised, and revut has not disclosed the value of the shares sold.
Founded over ten years ago as a premium credit card, Revolut has grown into a blazing financial restaurant that offers payments, crypto trading, share transactions, business accounts and loans across Europe, the US and Australia.
Led by founder and CEO Nik Gtoronsky, Revut now claims 65 million customers. The company generated £3.1bn in revenue and £1.1bn in pre-tax profit last year – a landmark result fueled by investor demand.
Storonsky said the latest rating “shows the incredible progress we have made in the last 12 months towards our vision of building the first World Bank”.
Despite the meteoric rise, it still puts the UK in control of the “consolidation stage” and is unable to introduce full UK Banking services. Its implementation – introduced three years ago – has faced delays over privacy issues and the complexity of its global structure.
The regulators granted a temporary license in July 2024, allowing the revolution to build and plans for the bank’s Core Banking. However, the final approval from the bank’s Prudelial Regulation Authority is yet to be granted.
Most of the banks that have reduced the challenge spend each year on growth; Waiting for the revolting experience shows the relulators’ processing of its internal controls, handling and wide-footed operations.
While UK approval remains pending, Revut is accelerating the launch of international banks. It received a banking license in Mexico last year, and last month secured regulatory approval to set up a bank in Colombia. In Europe, Revolut lends under a Lithuanian license available in 2018; In the US and Australia they are affiliated with licensed banks.
Achieving UK banking status is vital – enabling it to renew competition head-on with insuluzints such as Barclays and Natwest while opening up global expansion.
At the moment, its new valuation, high investors and continuous profitability are emphasized by Revival’s status as the most important technical issue of financial success out of Europe.
