Nvidia has taken a stake in London-based fintech giant Revolut as part of a major secondary share sale that values the company at $75 bn (£57 bn).
The investment was made through Nvidia’s venture arm, NVentures, joining leading global funds including Andreessen Horowitz, Franklin Templeton and T. Rowe Price. The deal was led by Coatue, Greenoaks, Dragoneer and Fidelity.
Revolut employees were offered the chance to sell shares in the transaction — the fifth such opportunity for staff since the company’s launch.
Revolut CFO Victor Stinga said the strong investor demand and upgraded valuation demonstrate the company’s «rapid growth and strong profitability,» adding that Revolut looks forward to working with its new backers in the next phase of its expansion.
The sale reinforces Revolut’s position as one of Europe’s most valuable financial institutions, placing its valuation above traditional banking giants including Barclays, Lloyds and NatWest.
