Revolut has reached a remarkable new milestone, with the British fintech giant now valued at $115 billion following a major secondary share sale. The latest valuation represents a 53% increase compared with the company’s previous share transaction a year earlier, reinforcing its position as one of the world’s most valuable privately held financial technology businesses.
The development comes as Revolut prepares for an ambitious international expansion, including plans to establish a U.S. bank in 2027. With more than 80 million retail customers, growing business banking operations, and increasing profitability, the company is rapidly evolving beyond its original identity as a money-transfer app.
The latest transaction also comes at an interesting time for the fintech, which is considering its future stock market ambitions. While a public listing remains several years away, reports suggest that Revolut could eventually pursue an IPO valuation of as much as $200 billion.
For now, its rising valuation reflects investor confidence in the company’s business model, international growth strategy, and potential to challenge traditional financial institutions.
Revolut Reaches $115 Billion Valuation in Latest Share Sale
The latest secondary share sale has placed Revolut’s valuation at approximately $115 billion, marking a significant increase from the previous valuation established through a similar transaction.
Several prominent investment firms participated in the deal, including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford.
However, the transaction differs from a traditional fundraising round because it did not bring additional capital into Revolut itself.
Instead, the secondary sale allowed existing shareholders and investors to sell some of their holdings, providing liquidity while establishing a new market valuation for the company.
Revolut has not disclosed how many shares changed hands or the total value of the transaction.
Nevertheless, the 53% valuation increase in just one year represents a strong endorsement from institutional investors. It also highlights the growing financial importance of fintech companies capable of combining consumer banking, international payments, business accounts, and other financial services within a single platform.
The latest valuation puts Revolut among the most valuable privately owned financial technology companies globally.
From Money Transfer App to Global Financial Services Giant
Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut initially gained popularity by offering customers a convenient way to transfer money and exchange currencies.
Its early appeal came from providing an alternative to traditional banking services, particularly for people who regularly travelled internationally or needed to manage money across different currencies.
Over time, the company expanded its offering considerably.
Today, Revolut operates as a comprehensive financial services platform with more than 80 million retail customers across over 40 countries.
Its services extend well beyond international money transfers, covering a broad range of consumer and business financial needs.
The company has also invested heavily in establishing regulated banking operations in different markets, an important step in its efforts to compete more directly with established banks.
This international expansion has accelerated significantly.
During the current year, Revolut launched banking operations in the United Kingdom, Mexico, Australia, and New Zealand. It has also secured banking licences in France, Colombia, and Argentina.
Meanwhile, the company began rolling out financial services in India earlier this year, opening another potentially significant market for its expanding operations.
These developments demonstrate that Revolut is pursuing a long-term strategy focused on becoming a global financial institution rather than remaining a digital alternative to traditional banks.
U.S. Bank Launch Planned for 2027
One of Revolut’s most important expansion opportunities is the United States.
The company has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national bank.
Revolut intends to launch its U.S. banking operation during the first half of 2027, although the timeline remains dependent on receiving final regulatory approval.
Entering the American banking market would represent a major milestone for the London-based fintech.
The United States is one of the world’s largest and most competitive financial services markets, with established banks, digital banking platforms, payment providers, and fintech companies competing for customers.
Obtaining the necessary regulatory permissions would give Revolut an opportunity to expand its services and establish a stronger presence among American consumers and businesses.
The move could also strengthen its international offering by making it easier for customers to manage financial activities across multiple countries through a single platform.
However, securing conditional approval is not the same as receiving final authorization to operate. Revolut must still satisfy the remaining regulatory requirements before launching its planned national bank.
Revolut’s Profitability Is Becoming a Major Competitive Advantage
Beyond its impressive customer growth and expanding geographical reach, Revolut is also demonstrating that its business model can generate substantial profits.
The company reported approximately $6 billion in revenue for 2025, alongside profit margins of 38%.
These figures underline how far Revolut has progressed since its early startup days.
Many rapidly expanding fintech companies prioritize customer acquisition and market share, sometimes at the expense of profitability. Revolut, however, has increasingly demonstrated an ability to combine international expansion with strong financial performance.
Its profitability also gives the company greater flexibility to invest in new markets, develop additional products, and strengthen its banking infrastructure.
Another important part of this financial success is its business banking division, which has become an increasingly valuable contributor to overall performance.
Although Revolut initially built much of its reputation around individual consumers, its services for companies are now emerging as a major growth engine.
Revolut Business Now Generates Around 20% of Gross Profit
Launched in 2017, Revolut Business has developed into an important part of the company’s financial services offering.
The division provides businesses with digital banking and financial management tools, helping companies manage payments, transactions, and customer deposits through the Revolut platform.
According to James Gibson, head of Revolut Business and a partner at the company, the division now accounts for approximately 20% of Revolut’s gross profit.
Its scale is becoming increasingly impressive.
Revolut Business is available across Europe, the United Kingdom, Singapore, Australia, New Zealand, and the United States.
The division processes more than £36 billion, equivalent to approximately $48.6 billion, in transactions every month.
More than £1 billion, or around $1.35 billion, of that monthly transaction volume comes from the United States alone.
The business banking operation also generates more than £950 million, approximately $1.28 billion, in annualized revenue.
Additionally, it holds customer deposits exceeding £18 billion, equivalent to roughly $24.3 billion.
These figures demonstrate that Revolut Business is no longer a secondary offering. It has become a substantial financial operation in its own right.
The company is also attracting a particularly interesting category of customers in the American market.
Nearly half of its newly acquired U.S. business customers are newly incorporated companies, according to Revolut.
This suggests that the platform is gaining traction among entrepreneurs and newly established businesses looking for digital-first financial services.
Expansion Into Mexico, Brazil, and India on the Horizon
Revolut is not planning to slow down its business banking expansion.
Gibson has indicated that the company wants to bring Revolut Business to additional international markets, including Mexico, Brazil, and India.
Although no specific launch dates have been announced, these countries represent significant opportunities for a company looking to expand its global business banking footprint.
Each market offers access to large populations of consumers, entrepreneurs, and businesses with growing demand for digital financial services.
Expanding into these regions could also help Revolut attract companies operating internationally, particularly those that need efficient ways to manage payments and finances across borders.
The company has also established an ambitious customer acquisition target.
Revolut Business currently serves more than 800,000 businesses, and management wants to increase that figure to one million by 2027.
Achieving this goal would further strengthen the division’s contribution to Revolut’s overall financial performance.
It would also demonstrate that the company’s growth opportunities extend well beyond consumer banking.
Could Revolut Eventually Become a $200 Billion Public Company?
Revolut’s latest $115 billion valuation has also renewed attention on its potential stock market debut.
The company has been considering a public listing, although its founders have not committed to a specific timetable.
Chief executive Nikolay Storonsky has previously considered a dual listing in New York and London, while indicating a preference for having the company’s primary listing in the United States.
A U.S.-focused listing could offer access to a large pool of institutional investors and potentially provide stronger exposure to global technology and financial markets.
Reports have suggested that a future IPO could value Revolut at approximately $200 billion.
That would represent a substantial increase from its latest private-market valuation.
However, such an outcome is far from guaranteed. The company’s eventual market capitalization would depend on its financial performance, growth prospects, investor appetite, and broader stock market conditions.
Importantly, Revolut is not expected to pursue an IPO before 2028.
This gives the company additional time to expand internationally, strengthen its banking operations, and grow its business division before entering public markets.
Revolut Is Building More Than Just a Fintech App
The latest share sale highlights how dramatically Revolut’s position in the financial services industry has changed over the past decade.
What started as a relatively simple money-transfer and currency exchange application has developed into a global financial platform serving millions of consumers and hundreds of thousands of businesses.
Its $115 billion valuation reflects investor confidence in that transformation, while its growing profitability provides further evidence that the company has established a substantial business.
The planned U.S. bank launch in 2027, expansion into additional international markets, and ambitious business banking targets all point toward another major phase of growth.
Whether Revolut can eventually justify a $200 billion IPO valuation remains an open question.
But with more than 80 million retail customers, strong financial performance, and an increasingly diversified revenue base, the British fintech is positioning itself as a serious competitor to traditional global banks.
Its next challenge will be turning that impressive momentum into a truly sustainable international banking business.
