Chief Executive Nik Storonsky revealed that Revolut is developing proprietary AI models using data from 30–40 million daily transactions. Speaking at a technology conference in Turin on Octob
Chief Executive Nik Storonsky revealed that Revolut is developing proprietary AI models using data from 30–40 million daily transactions. Speaking at a technology conference in Turin on October 9, he outlined plans to build a global technology company capable of competing at the scale of major American tech firms.
The announcement follows his preference for a primary U.S. listing, signaling that Revolut increasingly sees itself as more than a European digital bank.
Revolut Targets U.S. IPO at $115 Billion ValuationStoronsky told Bloomberg TV that Revolut would favor a primary American stock-market listing if it eventually goes public.
The company previously considered listing shares in both London and New York, although management has indicated that an IPO is unlikely before 2028.
Revolut's valuation reached $115 billion through a secondary share sale earlier this year, up from approximately $45 billion in 2024. That puts the privately held fintech above established European banks including Barclays and Société Générale by reported market value.
However, its planned Wall Street listing remains conditional, with no confirmed offering date, exchange selection or public share price.
Revolut Plans AI Models Using 40 Million Daily TransactionsAt the Wave by Vento technology forum, Storonsky said Revolut's enormous transaction dataset could support proprietary AI development.
The company processes approximately 30–40 million transactions daily, creating opportunities to develop models for financial services and potentially broader technology products. However, Revolut has not disclosed detailed commercial targets or revenue expectations for its AI initiative.
The strategy could strengthen a business already generating income from payments, subscriptions, foreign exchange, lending and investments.
Unlike many early-stage fintech companies, Revolut has established profitability. Its diversified neobank model generated approximately $6 billion in revenue during 2025.
U.S. Banking Expansion Faces Regulatory ChallengesRevolut received preliminary approval for a U.S. national banking license in September, following regulatory milestones in Britain and France.
A full American charter could support the introduction of additional lending products and credit cards, moving Revolut into more direct competition with JPMorgan Chase and other established banks.
Its original U.S. banking application was filed in March, but preliminary approval does not authorize every service the company ultimately intends to offer.
