CEO Nik Storonsky revealed that Revolut is utilizing data from 30 to 40 million transactions per day to develop its own AI model. On October 9th, during a technology conference in Turin, he stated that the company aims to build a global technology enterprise capable of competing on par with large American tech companies.
This statement also echoes his preference for conducting a major listing in the United States, indicating that Revolut is increasingly positioning itself as a company that is not just a European digital bank.
Revolut Aims at the US IPO, with a valuation of $115 billion
In an interview with Bloomberg TV, Storonsky stated that if Revolut goes public in the future, the company would prefer to choose the United States as the main listing venue for its shares.
The company previously considered listing in both London and New York, but management stated that it is unlikely for IPO to happen before 2028.
Earlier this year, Revolut achieved a valuation of $115 billion through a secondary share sale, which is higher than its valuation of around $45 billion in 2024. According to reports, this has brought the valuation of this unlisted fintech company to exceed the market capitalization of established European banks such as Barclays Bank and Société Générale.
However, its Wall Street listing plan is still subject to certain conditions, and the issuance date, listing exchange, or public offering price have not yet been confirmed.
Revolut plans to develop the AI model using 40 million transactions per day.
On the Wave by Vento technology forum, Storonsky stated that the vast transaction dataset can support the company in developing its own AI.
The company processes approximately 30 to 40 million transactions per day, which creates opportunities for developing financial services models as well as potentially broader technology products. However, Revolut has not yet disclosed the detailed business objectives or revenue expectations for its AI project.
This strategy may strengthen its existing business. Revolut currently generates revenue from services such as payments, subscriptions, foreign exchange, loans, and investments.
Unlike many early fintech companies, Revolut has already achieved profitability. Its diversified digital banking model generated approximately $6 billion in revenue in 2025.
US banking industry faces regulatory challenges in business expansion
After making regulatory progress in the UK and France, Revolut received preliminary approval for a national bank license in the United States in September.
If it ultimately obtains a full US banking license, Revolut will be able to launch more loan products and credit card services, thereby engaging in more direct competition with established banks such as JPMorgan Chase.
The company initially submitted an application for a banking license with the Federal Reserve Bank of New York in March, but the preliminary approval does not mean that all the services it plans to offer have been authorized.
