Revolut's valuation jumps 53% to $115B in new share sale as it prepares to launch US bank

Revolut’s investors have completed a secondary share sale that values the British fintech at $115 billion, a 53% increase over the valuation it reached in a share sale a year earlier, as the company prepares to launch a U.S. bank in 2027.

The sale was led by investors including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford. It brought no new money into Revolut, and the company declined to say how much stock was sold.

Founded in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut has expanded from a money-transfer app into a financial services platform serving more than 80 million retail customers across over 40 countries. It has established banking operations across Europe and launched banks in the U.K., Mexico, Australia, and New Zealand this year, as well as secured banking licenses in France, Colombia, and Argentina. The company also began rolling out financial services in India earlier this year, and has received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national bank, which it plans to launch in the first half of 2027, subject to final regulatory approval.

The London-based company has grown increasingly profitable, achieving profit margins of 38% on revenue of $6 billion in 2025. Its business banking division, launched in 2017, now accounts for about 20% of Revolut’s gross profit, according to James Gibson, head of Revolut Business and a partner at the company.

Revolut Business, available across Europe, the U.K., Singapore, Australia, New Zealand, and the U.S., processes more than £36 billion (about $48.6 billion) in transactions each month, including over £1 billion (around $1.35 billion) in the U.S. alone. The division generates more than £950 million (about $1.28 billion) in annualized revenue and holds more than £18 billion (roughly $24.3 billion) in customer deposits, the company said. Nearly half of Revolut Business’s new U.S. customers are newly incorporated companies, according to the company.

Revolut aims to expand its business banking services to markets including Mexico, Brazil, and India, Gibson said, without specifying timing. The fintech also intends to grow its business customer base from over 800,000 businesses to a million by 2027, he said.

The rising valuation comes as Revolut weighs a public listing. Storonsky has considered a dual listing in New York and London and indicated a preference for a primary listing in the U.S. An IPO, which could reportedly value Revolut at $200 billion, would come no earlier than 2028, depending on market conditions.

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