Revolut Aims to Expand Beyond Banking
Revolut plans to move beyond financial services to develop broader technology products using proprietary artificial intelligence models. CEO Nik Storonsky stated that the long-term goal is to reach the scale of major US tech companies.
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Revolut plans to expand beyond financial services into broader technology products, targeting a scale comparable to the biggest U.S. firms, CEO Nik Storonsky said on Friday. The valuation reached $115 billion in a secondary share sale this year, surpassing several traditional European lenders. The shift signals a broader challenge to established tech giants as fintech firms build proprietary artificial intelligence models.
