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Revolut Ventures to launch in 2027

The company said its new platform would allow eligible users to 'build private-companies positions alongside their existing portfolios'. Read more: Revolut Ventures to launch in 2027

Revolut Ventures to launch in 2027

Fintech leader Revolut is set to introduce a ventures service in 2027, enabling eligible users to invest in private technology companies alongside their current portfolios. The new platform, known as Revolut Ventures, is a collaboration with Carne Group and aims to make it possible for "everyday investors" to participate in early-stage non-listed companies, which are typically reserved for large institutions and the ultra-wealthy.

Rolandas Juteika, head of Revolut wealth and trading for the EEA, explained that Revolut Ventures seeks to address the barriers preventing retail investors from accessing non-listed companies. The platform will be integrated with the existing investment options in the Revolut app, providing "institutional-grade venture capital investment opportunities to eligible retail investors."

Revolut has been actively expanding globally, establishing or seeking to create banking entities in countries such as Switzerland, Colombia, the US, France, Peru, the UK, Australia, and Mexico. The company also recently launched its first stablecoin, EURR, backed by reserves managed by Bridge. In August, Revolut initiated a phased rollout of its first stablecoin, EURR, which maintains a value of €1 and is backed by reserves held and managed by Bridge.

Additionally, Revolut was among several companies in western Europe affected by a disruption to Google Cloud's services, although the fintech confirmed that no customer money or data was compromised. In September, a data breach impacted 680 Revolut account holders, including 12 in Ireland, resulting in the leak of sensitive personal information.

Written by urgent.news from Silicon Republic's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at siliconrepublic.com →

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