Revolut values fintech at $115 billion in employee secondary share sale

The new valuation

Revolut completed a new funding round on Wednesday, 4 November 2026, through a secondary sale of shares to employees and outside investors. The sale values the London-based fintech at $115 billion, which Europa Press gives as 102,000 million euros. Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford led the transaction. Because it was a secondary sale, the round brought no new money into the company, and Revolut declined to say how much stock changed hands.

202445

November 202575

November 2026115

2024

45 $ billion

November 2025

75 $ billion

November 2026

115 $ billion

Data from the article text

Valuation path

A secondary sale in 2024 had valued the company at $45 billion, about 39,400 million euros. A transaction in November 2025 lifted that figure to $75 billion, roughly 65,000 million euros. The new valuation is more than 53% above the previous deal, according to Europa Press, while Il Sole 24 Ore put the increase at 50%. The process had been expected to close in August but ran until November. Sector sources told Europa Press the share price would be around two dollars, although the company has not officially disclosed it.

Expansion and licences

Since early 2026 Revolut has begun banking operations in the UK, Mexico, Australia and New Zealand, and has obtained banking licences in France, Colombia and Argentina. It also received conditional approval from the US Office of the Comptroller of the Currency for a national bank, which it plans to launch in the first half of 2027, subject to final regulatory approval. In Europe it already operates in 30 markets of the European Economic Area. The company was founded in 2015 by Nik Storonsky and Vlad Yatsenko and now reports more than 80 million retail customers across more than 40 countries.

Financial results

Revenue in 2025 rose 46% to $6 billion, and pretax profit grew 57% to $2.3 billion, a pretax margin of 38%. Business banking, run by James Gibson, accounts for about 20% of gross profit, Gibson told TechCrunch. The company said the division processes more than £36 billion in transactions each month and holds more than £18 billion in customer deposits.

Revenue6

Pretax profit2.3

Revenue

6 $ billion

Pretax profit

2.3 $ billion

Data from the article text

Outlook

Storonsky said the company is building toward its next milestone of 100 million customers. He is targeting an initial public offering in 2028 and said in September that the company is exploring a dual listing in New York and London. At the current valuation, Revolut shares would be worth more than FTSE heavyweights including Barclays, BP and GSK. Revolut Business is also expected to expand to Mexico, Brazil and India, although Gibson did not give a timeline.

“Every bank we launch means more people get a better way to manage their money, wherever they live.”

“That's why we've once again given them the chance to share in the value they've created, as we work towards our next milestone of serving 100 million customers.”