‘We were highly skeptical about the cost of AI’: as the Revolut valuation hits $115bn, it moves AI coding off Claude by default.
Glade Brook, Coatue and T. Rowe Price were among the investors that led the share sale.
The RBNZ has registered Revolut NZ as the country’s 27th bank, making the fintech what it calls the first global digital bank in New Zealand.
VCs “can be actually dangerous for the company if they have enough power”, says Nik Storonsky, who keeps them off Revolut’s board.
‘Can’t log in. Keeps rejecting passcode,’ a Revolut user wrote, as the bank listed sign-in as partially unavailable eight days after an outage.
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Revolut is building Revolut Ventures with Carne Group to let eligible users back private tech firms before they list, as startups wait longer to go public.
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Nevis, founded by former Revolut executives, has raised a $70m Series B led by EQT Ventures, with Charles Schwab and QuantumLight joining.