According to Bloomberg, financial technology company Revolut Ltd. is splitting its 8.5 billion euro ($9.5 billion) wealth management products into an independent application, Revolut Invest, seeking to compete with companies such as Robinhood and eToro for a larger share of the retail investor market. The Revolut Invest application will initially offer nearly 5,000 assets, including U.S. and European stocks, exchange-traded funds, commodities and bonds, as well as new products such as contracts for difference. Rolandas Juteika, regional head of wealth and trading at Revolut, said in an interview that the app is currently being tested in Greece, Denmark and the Czech Republic, and will be launched in other European Economic Area countries by the end of this year, with plans to double the number of assets available for trading.