Revolut, the British fintech powerhouse, has seen its valuation soar to an impressive $115 billion following a recent secondary share sale. This figure represents a substantial 53% increase from its valuation just a year prior, signaling robust investor confidence as the company gears up for a significant expansion into the U.S. banking market by 2027. The share sale, which did not inject new capital into the company, was led by prominent investors including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford.

Since its inception in 2015 by founders Nik Storonsky and Vlad Yatsenko, Revolut has evolved from a simple money-transfer application into a comprehensive financial services platform. It now serves over 80 million retail customers across more than 40 countries. The company has successfully established banking operations throughout Europe and launched banks in the U.K., Mexico, Australia, and New Zealand this year. Furthermore, it has secured banking licenses in France, Colombia, and Argentina, alongside initiating financial services in India earlier this year. Crucially, Revolut has received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national bank, with plans for a launch in the first half of 2027, subject to final regulatory clearance.

The London-based firm has also demonstrated increasing profitability, achieving profit margins of 38% on revenues of $6 billion in 2025. A key driver of this success is its business banking division, launched in 2017, which has become an increasingly lucrative segment. This division contributes approximately 20% of Revolut’s gross profit and is available across Europe, the U.K., Singapore, Australia, New Zealand, and the U.S. It processes over £36 billion (approximately $48.6 billion) in transactions monthly, with over £1 billion (around $1.35 billion) originating from the U.S. alone. The business segment generates more than £950 million (about $1.28 billion) in annualized revenue and holds over £18 billion (roughly $24.3 billion) in customer deposits. Nearly half of its new U.S. business customers are newly incorporated companies, and Revolut aims to expand these services into Mexico, Brazil, and India, targeting a growth from over 800,000 businesses to one million by 2027.

This rising valuation comes as Revolut contemplates a potential public listing. Co-founder Nik Storonsky has indicated a preference for a primary listing in the U.S., possibly as part of a dual listing with London. An initial public offering (IPO), which could reportedly value Revolut at $200 billion, is not expected to occur before 2028, contingent on prevailing market conditions.

Key Takeaways

• Revolut's valuation has surged to $115 billion, a 53% increase, following a secondary share sale, reflecting strong investor confidence.
• The fintech is aggressively expanding globally, with plans to launch a U.S. national bank by 2027 and has secured multiple banking licenses and operations worldwide.
• Its business banking division is a significant profit driver, contributing 20% of gross profit, processing billions in transactions monthly, and targeting 1 million business customers by 2027.

Editor’s Analysis & Impact

Revolut’s substantial valuation increase solidifies its position as a dominant force in the global fintech landscape, signaling continued investor appetite for disruptive financial services. This growth underscores the ongoing shift from traditional banking to agile, digital-first platforms, particularly in cross-border and business solutions. The company’s aggressive expansion into the U.S. banking market and its strategic focus on the highly profitable business banking segment position it for sustained future growth. A potential IPO in 2028, with a preference for a U.S. primary listing, suggests ambitions for significant capital infusion and heightened market visibility. Revolut’s success highlights the demand for innovative financial products and sets a benchmark for other fintechs, compelling incumbent banks to accelerate their digital transformation efforts.

Frequently Asked Questions

Q: What is Revolut's current valuation?
A: Revolut's valuation has reached $115 billion following a recent secondary share sale, marking a 53% increase from its valuation a year ago.

Q: When does Revolut plan to launch its U.S. bank?
A: Revolut aims to launch its U.S. national bank in the first half of 2027, pending final regulatory approval, having already received conditional approval from the U.S. Office of the Comptroller of the Currency.

Q: How significant is Revolut's business banking division?
A: Revolut's business banking division is a major contributor to its profitability, accounting for approximately 20% of its gross profit. It processes over £36 billion in transactions monthly and targets 1 million business customers by 2027.