Revolut, Europe’s most valuable startup, is seeking to transform itself from a financial services provider into a global technology company, with Chief Executive Officer Nik Storonsky outlining plans to expand beyond banking and develop a broader range of technology products.
Storonsky disclosed the ambition on Friday at the Wave by Vento technology conference in Turin, Italy, where he highlighted the company’s growing transaction volumes and its use of artificial intelligence as key assets for future expansion.
According to the Revolut co-founder, the company processes between 30 million and 40 million transactions daily, providing a substantial pool of data that could support the development of proprietary AI systems.
“With 30 to 40 million transactions taking place every day on Revolut, we have a unique dataset to build on,” Storonsky said.
He added that his long-term ambition was to grow Revolut to a scale comparable with some of the largest technology companies in the United States.
As part of its broader technology ambitions, Revolut has developed proprietary artificial intelligence models trained on customer transaction data, Storonsky said.
He explained that the company uses techniques similar to those underpinning large language models, suggesting that its transaction data could provide a foundation for developing technology beyond traditional financial services.
The comments signal Revolut’s interest in using its existing digital infrastructure and customer activity to explore new opportunities in the technology sector.
However, Storonsky did not specify which additional products the company plans to introduce or provide a timetable for its expansion beyond financial services.
Revolut’s strategy comes as technology companies and financial institutions increasingly explore artificial intelligence to improve their services, automate processes and develop new products.
The company’s ambition to compete on a broader technology scale could also intensify competition with established global technology firms and digital financial service providers.
Founded a little over a decade ago, Revolut has experienced rapid growth and has become one of Europe’s most valuable private companies.
The company was valued at $115 billion in a secondary share sale in 2026, up from $45 billion in 2024, according to Reuters.
Its valuation places it above the market capitalisation of major established banking groups, including Britain’s Barclays and France’s Société Générale.
The figures underline the scale of investor expectations surrounding Revolut as it expands its operations and explores opportunities beyond its original financial services business.
The company’s growth has helped establish it as a significant player in Europe’s financial technology industry, while its latest ambitions suggest it wants to compete in a much broader global market.
Despite its growth, Revolut has faced regulatory scrutiny over aspects of its operations.
In 2025, Lithuania’s central bank imposed a record €3.5 million fine on the company over shortcomings in its transaction-monitoring controls.
Revolut said the investigation had found no confirmed instances of money laundering and that it had strengthened its systems.
The company also disclosed in September 2026 that customer data had accidentally been sent to hackers posing as government investigators. Revolut said its systems and customer funds were unaffected by the incident.
These episodes highlight the importance of robust security, data protection and compliance systems as financial technology companies handle growing volumes of sensitive customer information.
For Revolut
Storonsky’s comments point to a long-term strategy that extends beyond Revolut’s established financial services business.
By combining its large transaction base with proprietary AI development, the company hopes to build technology products that can support its expansion into new markets and business areas.
Its daily transaction volumes could provide valuable data for developing and improving digital services, although the use of customer transaction information also makes privacy protections and responsible data governance important considerations.
Revolut has not yet outlined the full scope of its planned technology portfolio. Nevertheless, Storonsky’s ambition to reach the scale of major US technology companies indicates that the company sees its future as extending well beyond banking.
Whether it can translate that vision into a diversified global technology business will depend on its ability to develop successful new products while maintaining strong security, regulatory compliance and customer confidence.
