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Revolut valued at $115 billion in secondary sale, up 53% in a year
TechCrunch reported that Revolut investors completed a secondary share sale valuing the London fintech at $115 billion as it prepares a U.S. bank launch in 2027.
- New headline Was: “Revolut’s valuation jumps 53% to $115B in new share sale as it prepares to launch US bank”
- Our desk filed its story
Revolut investors completed a secondary share sale that values the London-based fintech at $115 billion, 53% above a sale a year earlier, TechCrunch reported on Wednesday1.
The buyers included Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford, the outlet said1. The transaction brought no new capital into Revolut, and the company declined to say how much stock changed hands1.
Founded in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut has more than 80 million retail customers in over 40 countries and has opened banks this year in the United Kingdom, Mexico, Australia and New Zealand, according to TechCrunch1. It also holds banking licenses in France, Colombia and Argentina, the report said1.
The company has conditional approval from the U.S. Office of the Comptroller of the Currency to form a national bank and plans to launch in the first half of 2027, subject to final regulatory approval, TechCrunch said1.
TechCrunch said Revolut reported $6 billion in revenue and 38% profit margins in 20251. Revolut Business, launched in 2017, accounts for about 20% of gross profit, James Gibson, head of Revolut Business, told the outlet1. The division processes more than £36 billion in monthly transactions, generates more than £950 million in annualized revenue and holds more than £18 billion in customer deposits, the company told TechCrunch1.
Gibson said Revolut wants to expand business banking to Mexico, Brazil and India and to grow from more than 800,000 business customers to 1 million by 20271. Storonsky has discussed a dual listing in New York and London, with a preference for a primary U.S. listing, and an IPO would come no earlier than 2028 depending on markets, the report said1.
