"The in-house platform managed by Revolut [Revolut Ventures] is intended to allow eligible customers to build positions in private companies alongside their existing portfolios," according to Handelsblatt in an internal memo. The aim is to give retail investors access to venture capital investments "at an institutional level".

"These investment opportunities do offer growth potential, but they are significantly less liquid than exchange-traded stocks and carry a substantial risk of capital loss," Revolut also warns. As a result, the new offering will not be aimed at all customers of the neobank, but only at "eligible" ones. Revolut did not initially provide details.

Public later

Revolut's ELTIF venture fund is primarily intended to invest in technology companies that have already moved beyond the startup stage and are approaching a potential IPO.

According to Revolut, the median age at IPO rose from 6.9 years to 11 years between 2014 and 2025. As a result, a large share of value creation now takes place before a company even goes public. Examples include the major AI labs Anthropic and OpenAI.

Carne Group is responsible for fund management. Carne has around 700 clients, who manage more than $1 trillion across over 160 countries. The fund administrator is Alter Domus, while the US institution BNY serves as custodian and depositary bank.

As early as July this year, the neobank launched a private equity offering. Revolut customers can invest via the app in funds managed by Apollo, Ares, Hamilton Lane and Partners Group. Other neobanks and brokers have been offering private market investments for some time. About a year ago, Trade Republic added funds from EQT and Apollo to its platform. Scalable distributes BlackRock's private equity ELTIF.

No Finma license yet

More than 1.3 million people in Switzerland already use Revolut. Revolut does not yet hold its own Swiss banking license. However, in September the company applied to the Swiss Financial Market Supervisory Authority, Finma, for such a license. It also plans to invest more than CHF 150 million in Switzerland over the next five years.