Revolut completes its $115bn share sale as it cuts AI coding bills by 90%

Revolut completed a secondary share sale valuing the fintech at $115bn, up 53% from last year, with no new funds raised. The company cut AI coding costs by 90% by switching to the Chinese GLM-5.3 open-weight model. Revolut plans to open a US national bank in 2027 and aims for 100 million customers.