Sprints closes €725M fund to support European startups

Revolut: Revolut is a London-based fintech company offering digital banking, payments, and financial services across Europe and beyond. It is actively expanding into broader technology areas including proprietary AI models while pursuing additional regulatory approvals in markets like the United States. Sprints provided early venture backing to the company. Sprints: Sprints is a European venture capital firm focused on growth-stage investments in technology and consumer companies. It has a track record of early backing for high-profile startups including Revolut and Vinted. The firm recently closed its fifth fund to continue supporting innovative European businesses. Expansion: Revolut is developing a broader suite of technology products beyond financial services, with its CEO highlighting the use of proprietary AI trained on customer transaction data. Regulation: Revolut received preliminary approval for a US national banking license in September and has secured other recent licenses in Britain and France.