Revolut reached a $115 billion valuation in a secondary share sale by existing investors, marking a 53% increase year-over-year without raising new capital.
The sale was led by investors including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford.
Revolut was founded in 2015 by Nik Storonsky and Vlad Yatsenko. It now has more than 80 million retail customers in over 40 countries.
By 2026, Revolut had begun operating as a bank in the United Kingdom, Mexico, Australia, and New Zealand. It also secured banking licenses in France, Colombia, and Argentina, and began offering financial services in India.
In the US, the company has received conditional approval from the US Office of the Comptroller of the Currency to establish its own national bank. It plans to launch it in the first half of 2027, subject to final approval from the relevant authorities.
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Revolut announced revenue of $6 billion and a 38% profit margin for 2025. Its business service, Revolut Business, launched in 2017 and accounts for about 20% of the company's gross profits, according to James Gibson, head of Revolut Business and a partner at the firm.
Revolut Business is available in Europe, the UK, Singapore, Australia, New Zealand and the US. It processes over £36 billion worth of transactions per month. Of these, over £1 billion worth of transactions per month are in the US. According to Revolut, the service’s annual revenue, at its current rate, is over £950 million, while customer deposits exceed £18 billion.
Nearly half of Revolut Business’s new customers in the U.S. are startups, Revolut said. The company is looking to expand its business services to Mexico, Brazil and India, but has not announced when. It aims to grow its business customers from more than 800.000 to one million by 2027.
Revolut is also considering going public. Nik Storonsky has considered listing in both New York and London, with a primary listing in the US. This is not expected to happen before 2028 and will depend on market conditions. According to a report by TechCrunch, a future listing could value the company at up to $200 billion.
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