Revolut valued at $115B as US bank launch nears

Revolut hits $115B valuation

Revolut's investors completed a secondary share sale valuing the British fintech at one hundred fifteen billion dollars, fifty-three percent more than a year ago.

Who led the investment round

Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford led the share sale, which brought no new money into Revolut.

From startup to global platform

Founded in two thousand fifteen by Nik Storonsky and Vlad Yatsenko, Revolut has grown to more than eighty million retail customers across over forty countries with banking operations across Europe.

US bank approval secured

Revolut received conditional approval from the US Office of the Comptroller of the Currency to establish a national bank, which it plans to launch in the first half of twenty twenty-seven.

Profitability milestone reached

Revolut achieved profit margins of thirty-eight percent on revenue of six billion dollars in twenty twenty-five, growing increasingly profitable as it expands globally.

Business banking drives growth

Revolut Business, launched in twenty seventeen, accounts for about twenty percent of Revolut's gross profit and processes more than thirty-six billion pounds monthly across multiple regions.

IPO could value firm at $200B

Revolut weighs a public listing with a dual listing in New York and London, with an IPO reportedly valuing the company at two hundred billion dollars, expected no earlier than twenty twenty-eight.

“an IPO, which could reportedly value Revolut at $200 billion”