Schroders Capital Global Innovation Trust increased the value of its tiny investment in Revolut by 45%, from £5.44 million to £7.88 million, earlier this week. This suggests that Revolut is now valued at $25.7 billion, as opposed to $17.7 billion in the previous year.

Nonetheless, the value of the Trust's stake remains lower than it was on December 31, 2021, when Revolut was valued at $33 billion, or £10.1 million.

In a different vein, the business has acted fast to capitalize on its newly obtained banking license in Mexico.

Juan Miguel Guerra Dávila, the country lead, stated in a Reuters interview that $100 million is being invested to hire personnel, pay down short-term debt and bills, and keep a healthy cash balance.

Revolut emphasizes that it intends to provide a "wide range of financial products and services" in addition to aiming to capture a sizable portion of Mexico's enormous cross-border remittance market, which was valued at over $63 billion last year.

Revolut, which offers a global account with foreign exchange and remittance capabilities in 27 currencies, launched in Mexico one year after it did the same in Brazil.