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Revolut valuation rises 53% to $115 billion after investor share sale
The secondary transaction provided no fresh capital to Revolut, which is preparing for a U.S. bank launch in 2027.
Investors in British fintech Revolut have completed a secondary share transaction valuing the company at $115 billion. That represents a 53% increase from another sale a year earlier. Revolut did not disclose the volume of shares changing hands.
Coatue and Glade Brook Capital Partners were among those leading the transaction, alongside Baillie Gifford, Durable Capital Partners and T. Rowe Price Associates. No proceeds went to Revolut.
The company plans a U.S. national bank launch during the first half of 2027. It has obtained conditional authorization from the U.S. Office of the Comptroller of the Currency, but the launch remains dependent on final regulatory approval.
Revolut has over 80 million retail customers spanning more than 40 countries. Revenue totaled $6 billion in 2025, when its profit margins reached 38%.
Its business banking operation contributes about 20% of gross profit, said James Gibson, head of Revolut Business and a company partner. Revolut said the unit processes over £36 billion in monthly transactions, has more than £950 million in annualized revenue and holds over £18 billion in customer deposits.
Gibson said Mexico, Brazil and India are among the markets targeted for business banking expansion, without specifying timing. The company wants to reach a million business customers by 2027, up from more than 800,000.
Revolut is also weighing an IPO. Co-founder Nik Storonsky has considered listing in both London and New York, with a preference for the U.S. as the primary venue. An offering would not happen before 2028 and would depend on market conditions.