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NVIDIA's Venture Capital Arm to Invest Nearly $200 Million in Digital Bank Revolut
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BlockBeats News, July 17th, a confirmation statement disclosed by the UK Companies House revealed that an entity, suspected to be affiliated with NVIDIA's venture capital arm NVentures LLC, holds approximately 141,834 shares of Revolut. Based on the issuance price disclosed in Revolut's latest funding round, these shares are valued at around $195.9 million.

Prior to this, neither NVIDIA nor Revolut had publicly disclosed the specific investment amount and stake size of NVentures in the company. This document exposure indicates that NVIDIA is further expanding its presence in the fintech sector through strategic investments.

Founded in 2015, Revolut is one of the leading digital banking platforms in Europe, with operations covering areas such as payments, foreign exchange, investment, and crypto asset services. In recent years, NVIDIA has consistently invested in AI, fintech, and next-generation internet infrastructure companies through NVentures. This investment in Revolut is also seen as part of its expansion into the AI and digital finance ecosystem. (TechFundingNews)

Source: BlockBeats

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