Revolut has seen a remarkable 53% increase in its valuation, reaching $115 billion following a recent secondary share sale led by investors such as Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford. The British fintech, founded by Nik Storonsky and Vlad Yatsenko in 2015, completed this share sale without raising new capital and has kept the amount of stock sold undisclosed. This surge in valuation coincides with Revolut’s preparations to launch a U.S. national bank in 2027 following conditional approval from the U.S. Office of the Comptroller of the Currency.

Revolut has evolved from a money transfer application into a comprehensive financial services platform with over 80 million retail customers in more than 40 countries. The company already operates banks in various regions, including the U.K., Mexico, Australia, and New Zealand, and has obtained banking licenses in France, Colombia, and Argentina. It has also begun expanding its financial services in India. Financially, Revolut is increasingly profitable with a 38% profit margin on $6 billion in revenue as of 2025, showcasing a solid business model.

The company’s business banking segment, introduced in 2017, now constitutes roughly 20% of its gross profit and is growing rapidly, particularly in the U.S. Revolut Business supports over 800,000 businesses globally and processes about £36 billion ($48.6 billion) in monthly transactions, with the U.S. alone accounting for over £1 billion ($1.35 billion). The division generates annualized revenue exceeding £950 million ($1.28 billion) and holds customer deposits close to £18 billion ($24.3 billion). The company aims to expand this client base to one million businesses by 2027 and extend its business banking services into markets like Mexico, Brazil, and India.

Looking ahead, Revolut is considering a public listing, with founder Nik Storonsky expressing interest in a dual listing in New York and London but favoring the U.S. for a primary listing. The IPO could value the company as high as $200 billion but is not expected before 2028, depending on market conditions. For now, the firm continues to build its banking footprint worldwide while accelerating growth in its business banking segment and refining its path to possible public markets.