Nvidia's NVentures holds unannounced $196m Revolut stake
UK filings reveal a $196 million investment by Nvidia's venture arm in Revolut, linking the dominant AI chipmaker to a rapidly appreciating, soon-to-be-$115 billion fintech ahead of its delayed IPO.
Nvidia’s venture capital arm, NVentures, owns a $196 million stake in Revolut, according to UK corporate filings. The 141,834-share position was acquired during Revolut’s November 2025 secondary share sale, a transaction led by Coatue, Greenoaks, Dragoneer, and Fidelity that valued the fintech at $75 billion.
Neither company previously disclosed the exact size of the investment. At the time, Revolut stated only that the sale included money from NVentures, "deepening Revolut's collaboration with the global technology leader in key areas including AI." The precise scale of the bet, working out to roughly $1,380 per share, was uncovered in a routine filing at Companies House.
Nvidia's position links the world's dominant AI chipmaker to a financial platform serving 16 million crypto users. The investment is underpinned by Revolut’s accelerating profitability. The company reported 2024 revenue of $4 billion, a 72% increase from the prior year, while pretax profit climbed 149% to $1.4 billion.
That financial momentum is expected to translate directly into a higher valuation. Bloomberg reported in June that Revolut is weighing a new share sale at $115 billion, a 53% premium over the November pricing. Because founder Nik Storonsky has ruled out an initial public offering before 2028, these periodic private sales remain the sole avenue for early backers and employees to liquidate holdings.
Revolut’s expanding regulatory footprint supports the escalating valuations. It secured a full UK banking license in March for its 13 million British customers, while a US bank charter application awaits a decision. On the digital assets front, Dubai’s Virtual Assets Regulatory Authority granted in-principle approval for a crypto license on July 15. In Europe, Revolut delisted Tether's USDT to comply with MiCA regulations and was selected by the ECB to help test the digital euro.
For Nvidia, the unannounced stake represents a significant financial deployment into applied AI within financial services. The disclosure comes at a moment when the chipmaker is actively defending its position as the world's most valuable company against rivals like Apple. Should Revolut execute its next sale at $115 billion, Nvidia's paper gains on the position will be substantial.
