Nvidia’s NVentures Estimated to Have Invested $200 Million in UK Fintech Revolut
JOON HYOUNG LEE
Summary
- Nvidia’s corporate venture capital arm, NVentures, is estimated to have invested about $200 million in UK fintech company Revolut, according to a report.
- A confirmation statement filed with the UK’s Companies House showed that an entity believed to be NVentures holds 141,834 shares in Revolut.
- The shares were worth $195.9 million based on the issue price, and Nvidia and Revolut have not disclosed the size of the investment or the stake.
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Tech Funding News reported that Nvidia is estimated to have invested about $200 million in UK fintech company Revolut.
According to Tech Funding News on July 17, a recently filed confirmation statement with the UK’s Companies House showed that an entity believed to be NVentures held 141,834 shares in Revolut. NVentures is Nvidia’s corporate venture capital arm.
Based on the issue price, the shares were worth $195.9 million. Nvidia and Revolut have not disclosed the size of NVentures’ investment or the size of its stake.
Revolut is a fintech platform founded in 2015. It offers payments, investing, foreign-exchange trading and cryptocurrency services.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul