Investors in the British fintech company Revolut have completed a secondary share sale that values the firm at $115 billion. This new valuation represents a 53% increase compared to the price tag established in a similar transaction a year ago, according to the company.
The transaction involved major investment firms including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford. The sale brought no new capital into Revolut, as existing shareholders were the ones selling their stakes. The company declined to disclose the total volume of stock traded in the deal.
Expansion into the United States
The valuation spike coincides with Revolut’s strategic push into the American market. The London-based firm has received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national bank. Revolut plans to launch this U.S. banking entity in the first half of 2027, pending final regulatory sign-off.
This move marks a significant milestone for the company, which was founded in 2015 by Nik Storonsky and Vlad Yatsenko. What began as a simple money-transfer application has evolved into a comprehensive financial services platform. Revolut now serves more than 80 million retail customers across over 40 countries.
The company has already established banking operations in Europe and recently launched banks in the United Kingdom, Mexico, Australia, and New Zealand. It has also secured banking licenses in France, Colombia, and Argentina. Earlier this year, Revolut began rolling out financial services in India, further expanding its global footprint.
Business Banking Drives Growth
While consumer services remain a core part of the business, the company’s commercial division has become a major profit driver. James Gibson, head of Revolut Business and a partner at the company, stated that the business banking division accounts for approximately 20% of Revolut’s gross profit.
The division is available in Europe, the United Kingdom, Singapore, Australia, New Zealand, and the United States. Revolut Business processes more than £36 billion, or roughly $48.6 billion, in transactions each month. Of that total, over £1 billion, or about $1.35 billion, occurs within the U.S. market alone.
The company reported that the business division generates more than £950 million, or approximately $1.28 billion, in annualized revenue. It also holds more than £18 billion, or roughly $24.3 billion, in customer deposits. Nearly half of the new business customers in the United States are newly incorporated companies, indicating strong demand from startups and small enterprises.
Revolut aims to grow its business customer base from over 800,000 to one million by 2027. Gibson noted that the company intends to bring its business banking services to additional markets, including Mexico, Brazil, and India, though specific timelines for these expansions were not provided.
Financial performance has improved alongside this expansion. Revolut achieved profit margins of 38% on revenue of $6 billion in 2025. The rising valuation comes as the company considers a public listing. Storonsky has previously indicated a preference for a primary listing in the United States, potentially involving a dual listing in New York and London.
Reports suggest an initial public offering could value Revolut at $200 billion. However, such a move would likely not occur before 2028, depending on broader market conditions.
Source: TechCrunch
