How To Invest In Revolut

By Nicholas Grous, Varshika Prasanna

Director of Research, Consumer Internet and Fintech

Nicholas leads the consumer applications vertical of ARK's AI Research team.

Research Analyst, Fintech

Varshika focuses on digital wallets and payment solutions in support of ARK’s Fintech strategy.

Self-Directed Investors typically have limited access to private companies like Revolut before they go public. ARK Invest solves that problem. All US investors can download the SoFi or Titan app and, with as little as $500, invest in a portfolio of private and public companies through the ARK Venture Fund.

Revolut is a global neobank and fintech company headquartered in London, UK, offering digital banking and financial services through its mobile app. Founded in 2015, Revolut operates in over 30 countries across Europe, North America, and Asia-Pacific, with plans to expand to Latin America, the Middle East, and other regions. The company provides a wide range of products, including multi-currency accounts, debit cards, currency exchange, peer-to-peer payments, international transfers, investments, cryptocurrency trading, and insurance services for both retail and business customers.

Our research suggests that Revolut’s new technological architecture approaches banking as software—not as a branch network—and is poised to render incumbent banking cost structures obsolete. It is precisely the kind of platform shift in which ARK Invest takes great interest.

Compelling economics follow directly from Revolut’s technology. Vertically integrated, the company owns its infrastructure and iterates on products without legacy-system constraints; it can add new financial services at low marginal cost and route more of each customer's financial life through a single platform. That design is why Revolut has earned a return on equity (ROE) of roughly 35%—essentially 3x to 4x  the level earned by mature banks that are weighed down by physical branches and manual operations.¹ Moreover, our research suggests that its ROE advantage is not a temporary advantage; rather, it is the deflationary signature of a software-native model. As customer density rises and automation improves, its cost per customer should keep falling while that of its branch-based competitors does not.

The data thus far support our view. For the year ended December 31, 2025—its fifth consecutive profitable year²—Revolut reported revenue of $6.0 billion and pre-tax profit of $2.3 billion. It served 68.3 million retail customers and 767,000 business customers as of year-end.³ Our research has tracked Revolut's sustained and rapid revenue, compounding since 2021, with profitability scaling alongside growth. That evidence demonstrates that a mobile-first neobank can reach meaningful scale while widening margins—a combination legacy banking rarely produces. In addition, Revolut’s revenue is spread across many product lines—card interchange, foreign exchange (FX) spreads, subscriptions, wealth, and trading—instead of being concentrated in a single fee stream; in other words, the company monetizes engagement broadly.

Further upside comes from Revolut’s ability to scale it offerings and operations. The company received its full UK banking license in March 2026 after a years-long wait, allowing it to hold insured deposits and lend directly in its home market.⁴ That converts a distribution business into a balance-sheet business and layers more recurring, interest-based income onto an already diversified revenue base. Each additional product—savings, investing, lending, business banking—raises the value of the customer relationship at little incremental acquisition cost, the compounding dynamic we associate with financial super-apps. The market is taking notice and pricing the company accordingly: a July 2026 secondary share sale valued Revolut at $115 billion, surpassing the market value of long-established incumbents such as Barclays.⁵ In our view, that milestone illustrates the value of migrating from branch-based intermediaries to branchless platforms, a dynamic we explore in our work on the ARK Blockchain & Fintech Innovation ETF (ARKF).

Indeed, Revolut aligns superbly with ARK's long-term investment framework. Our research suggests that digital-wallet users will grow ~8% per year to reach 65% of the global population by 2030, and that mobile-first neobanks can capture share far beyond checking and payments—savings, consumer credit, investing, insurance, and advisory. Financial super-apps that integrate those services into one platform stand to drive higher engagement and retention while traditional intermediaries lose ground. We detail that process in ARK's research on the super-app opportunity. We believe Revolut is among the most complete expressions of that idea operating at global scale today. 

Revolut’s risks are important to discern: expanding as a licensed bank across many jurisdictions demands sustained compliance investment and exposes a young lending book to a full credit cycle; also, a share of its revenue remains market-dependent. We believe those risks are the price of participating in one of the defining platform shifts in financial services, a multi-decade transformation of how the world undertakes its banking.

Important Information 

We offer our view of Revolut because it is part of the total ARK Venture Fund portfolio. To see the most updated portfolio, please visit here. Holdings subject to change. Not a recommendation to buy, sell, or hold any specific security.

BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS, A COPY OF WHICH MAY BE OBTAINED HERE. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST.

There is no assurance that the Fund will meet its investment objective. The value of your investment in the Fund, as well as the amount of return you receive on your investment in the Fund, may fluctuate significantly. Investment involves risk. Principal loss is possible. You may lose part or all of your investment in the Fund or your investment may not perform as well as other similar investments. Therefore, you should consider carefully the risks at the bottom of this page before investing in the Fund.

ARK Investment Management LLC is the investment adviser to the ARK Venture Fund.

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