Revolut's Valuation Reaches $115 Billion in Secondary Share Sale

Valuation Increase and Share Sale

Revolut's investors concluded a secondary share sale, which resulted in a valuation of $115 billion for the British fintech. This represents a 53% increase compared to its valuation from a similar share sale conducted a year prior. The transaction involved existing investors, including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford, and did not inject new capital into Revolut.

Global Expansion and U.S. Bank Plans

Founded in 2015, Revolut has expanded its financial services platform to over 80 million retail customers across more than 40 countries. The company has established banking operations across Europe and launched banks in the U.K., Mexico, Australia, and New Zealand this year. It has also secured banking licenses in France, Colombia, and Argentina.

Revolut began rolling out financial services in India earlier this year. It has received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national bank, with a planned launch in the first half of 2027, pending final regulatory approval.

Profitability and Business Banking Growth

The London-based company has shown increasing profitability, achieving profit margins of 38% on revenue of $6 billion in 2025. While Revolut's core business has been consumer-focused, its business banking division, launched in 2017, has become a significant contributor.

The business banking division accounts for approximately 20% of Revolut’s gross profit. It operates across Europe, the U.K., Singapore, Australia, New Zealand, and the U.S., processing over £36 billion (about $48.6 billion) in transactions monthly, including over £1 billion (around $1.35 billion) in the U.S. alone. This division generates over £950 million (about $1.28 billion) in annualized revenue and holds more than £18 billion (roughly $24.3 billion) in customer deposits.

Future Outlook for Business Services

Revolut plans to expand its business banking services into additional markets, including Mexico, Brazil, and India. The fintech also aims to increase its business customer base from over 800,000 to one million by 2027. Nearly half of Revolut Business’ new customers in the U.S. are newly incorporated companies.