Revolut’s valuation jumps 53% to $115 billion in new share sale as it

Investors in Revolut have completed a secondary share sale that values the British fintech at $115 billion, 53% more than the price tag from another share sale a year ago, as the London-based company prepares to launch a U.S. bank in 2027. Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford led the sale, which brought no new money into Revolut. The company declined to say how much stock was sold, according to TechCrunch's report.

This piece covers the secondary sale, the 2025 profit and revenue figures tied to the $115 billion mark, the retail banks and licenses already in place, and the business-banking numbers from James Gibson, head of Revolut Business and a partner at the company. It is for readers tracking Revolut’s valuation, its conditional U.S. national-bank approval, and the listing options Nik Storonsky has considered.

The deal behind Revolut’s valuation jumps 53% to $115 billion

The completed transaction is a secondary share sale in existing stock of the British fintech. Investors including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford led it. The sale brought no new money into the London-based company, and Revolut declined to say how much stock was sold. Existing shareholders sold that stock. The valuation on the sale is $115 billion, 53% more than the price tag from another share sale a year ago.

Revolut was founded in 2015 by Nik Storonsky and Vlad Yatsenko. It has grown from a money-transfer app into a financial services platform with more than 80 million retail customers across over 40 countries. It has banking operations across Europe and launched banks in the U.K., Mexico, Australia, and New Zealand this year. It secured banking licenses in France, Colombia, and Argentina, and earlier this year it began rolling out financial services in India. Secondary buyers acquired existing shares and added no new capital.

Why Revolut’s valuation jumps 53% to $115 billion raised

Revolut has grown increasingly profitable, with profit margins of 38% on revenue of $6 billion in 2025. That record stands beside a valuation 53% above the price from a share sale a year earlier. The company is preparing a U.S. bank for 2027 after conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national bank. It plans to launch that bank in the first half of 2027, subject to final regulatory approval. The national bank is not open.

Revolut built much of its business around consumers. The business banking division launched in 2017 and accounts for about 20% of gross profit, a figure James Gibson, head of Revolut Business and a partner at the company, told TechCrunch in a recent interview. The division is available across Europe, the U.K., Singapore, Australia, New Zealand, and the U.S. It has become an increasingly lucrative endeavor next to the consumer business. The company is weighing a public listing with that profit mix already in place.

What the Revolut’s valuation jumps 53% to $115 billion money

No new money entered Revolut. The stock sold was secondary, and the company declined to say how much was sold, so the sale has no published size and no stated use of proceeds. Figures for the business already running are separate: revenue of $6 billion in 2025 and profit margins of 38%. Revolut Business 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 told TechCrunch.

Revolut Business 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. Nearly half of the division’s new customers in the U.S. are newly incorporated companies, the company said. Gibson said Revolut is looking to bring business banking to Mexico, Brazil, and India, though he did not specify when. He said the company aims to grow its business customer base from over 800,000 businesses to a million by 2027.

Competitive context for Revolut’s valuation jumps 53% to $115 billion

Revolut has banking operations across Europe and launched banks in the U.K., Mexico, Australia, and New Zealand this year. It secured banking licenses in France, Colombia, and Argentina and, earlier this year, began rolling out financial services in India. It has more than 80 million retail customers across over 40 countries. The U.S. national bank is not open. Conditional approval from the U.S. Office of the Comptroller of the Currency is for establishing that bank, with a launch planned in the first half of 2027 if final regulatory approval follows.

Revolut Business is available across Europe, the U.K., Singapore, Australia, New Zealand, and the U.S. Singapore is on that list and is not among the consumer banks launched this year in the U.K., Mexico, Australia, and New Zealand. The division accounts for about 20% of gross profit and serves over 800,000 businesses. In the U.S. it processes over £1 billion (around $1.35 billion) a month, and nearly half of new U.S. business customers are newly incorporated companies. Revolut launched a bank in Mexico this year, while Gibson gave no date for business banking in Mexico, Brazil, or India.

Open questions on Revolut’s valuation jumps 53% to $115 billion

Revolut declined to say how much stock was sold, so the secondary sale has a $115 billion valuation and no published size. A public listing is under consideration. 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. That $200 billion figure is the reported IPO scenario, not the secondary price.

The U.S. national bank still needs final regulatory approval. Conditional approval from the Office of the Comptroller of the Currency is in hand, and the first-half 2027 launch depends on that final step. Gibson did not specify when business banking would reach Mexico, Brazil, or India. Growth from over 800,000 business customers to a million by 2027 is a target he stated, not a total already reached. The earlier share-sale price was not given in dollars, only as the level this $115 billion mark exceeds by 53%.