Svmuu News: NVentures, the venture capital arm of NVIDIA (Nvidia), may have invested approximately $196 million in the British fintech company Revolut.
A confirmation statement disclosed by the UK Companies House shows that a shareholder entity believed to belong to NVentures LLC holds approximately 141,834 shares in Revolut. Based on the offering price disclosed for this round of financing, these shares are valued at approximately $195.9 million.
Previously, neither NVIDIA nor Revolut had publicly disclosed the specific investment amount or shareholding size of NVentures in the company. The disclosure of these documents indicates that NVIDIA is further expanding its presence in the fintech sector through strategic investments.
Founded in 2015, Revolut is one of Europe’s leading digital banking platforms, with operations spanning payments, foreign exchange, investments, and crypto-asset services. NVIDIA In recent years, has consistently invested in AI, fintech, and next-generation internet infrastructure companies through NVentures, and this investment in Revolut is also seen as part of its strategy to expand its presence in the AI and digital finance ecosystems. (TechFundingNews)