Revolut Valuation Reaches $115 Billion Following Secondary Share Sale

British fintech giant Revolut has achieved a valuation of $115 billion following the completion of a secondary share sale by its investors. This new figure represents a 53 percent increase from the valuation the company secured during a similar share sale conducted one year ago. The transaction highlights continued strong financial backing from institutional investors as the firm advances its global expansion strategy and prepares for the launch of a full banking operation in the United States.

The secondary share sale did not inject any new capital directly into the company. Investment firms leading the transaction included Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford. Representatives for Revolut declined to disclose the exact volume or financial value of the stock that changed hands during this round of transactions.

Investors and Financial Backing Behind the $115 Billion Valuation

Secondary share sales allow existing shareholders, such as early employees and past venture capital backers, to sell their portions to new or existing institutional investors without diluting the company through the issuance of fresh shares. The participation of prominent asset managers like Baillie Gifford and T. Rowe Price indicates robust private market confidence in the firm's financial trajectory. This valuation leap comes as the London-based enterprise reports strong financial performance, achieving profit margins of 38 percent on revenue of $6 billion in 2025.

Founded in 2015 by Nik Storonsky and Vlad Yatsenko, the organization has expanded from a basic money-transfer application into a comprehensive financial services platform. Today, the platform serves more than 80 million retail customers across over 40 countries. The firm has established banking operations throughout Europe and launched dedicated banking services in the United Kingdom, Mexico, Australia, and New Zealand over the past year. Furthermore, it secured banking licenses in France, Colombia, and Argentina while initiating consumer financial services rollout in India.

Path to the United States Banking Market in 2027

A central component of the company's current growth strategy involves entering the United States banking sector. The firm has received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national bank. Management plans to officially launch this U.S. banking institution in the first half of 2027, contingent upon receiving final regulatory approvals.

Establishing a chartered bank in the United States will allow the company to offer direct deposit accounts, loans, and other regulated financial products to American consumers under its own banking license rather than relying on partner banks. This milestone aligns with the broader strategy of obtaining direct regulatory oversight in key global financial centers. The U.S. expansion efforts follow similar licensing achievements across Latin America, Europe, and the Asia-Pacific region.

Growth and Scale of the Revolut Business Division

While the consumer application remains the most visible part of the brand, the business banking division has developed into a highly lucrative segment. Launched in 2017, the enterprise banking arm accounts for approximately 20 percent of the company's gross profit, according to James Gibson, head of Revolut Business and a partner at the firm, in a recent interview. The division serves over 800,000 corporate clients and aims to reach one million business customers by 2027.

The business banking platform operates across Europe, the United Kingdom, Singapore, Australia, New Zealand, and the United States. Key operational metrics for the division include:

  • Processing more than £36 billion, equivalent to about $48.6 billion, in transactions each month.
  • Handling over £1 billion, roughly $1.35 billion, in monthly transactions within the United States alone.
  • Generating more than £950 million, or about $1.28 billion, in annualized revenue.
  • Holding more than £18 billion, approximately $24.3 billion, in customer deposits.

Nearly half of all new business customers joining the platform in the United States are newly incorporated companies. Gibson noted that the firm plans to introduce its business banking services to additional international markets, including Mexico, Brazil, and India, though specific launch timelines for those regions were not disclosed.

Future Public Listing Considerations and Market Outlook

The steady rise in the company's private valuation coincides with ongoing internal evaluations regarding a potential initial public offering. Chief Executive Officer Nik Storonsky has previously considered a dual listing structure in New York and London, while indicating a personal preference for a primary listing venue in the United States. However, company leadership has clarified that an initial public offering, which market watchers suggest could value the enterprise as high as $200 billion, will not occur any earlier than 2028. The actual timing will depend heavily on prevailing market conditions and regulatory readiness.