Revolut valuation reaches $115 billion in secondary share sale
A secondary sale led by major investors valued Revolut at $115 billion, while its proposed US bank still needs further approvals.
By Rafael Ortiz · Fintech Correspondent
· 2 min read
Revolut’s valuation reached $115 billion in a secondary share sale led by investors including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford, according to TechCrunch. The figure is about 53% above the roughly $75 billion valuation attached to an earlier share sale a year before, while the London-based fintech continues preparations for a proposed US national bank.
The sale did not bring new money into Revolut, TechCrunch reported, and the company did not disclose the amount of stock involved. A secondary transaction changes ownership of shares already held by investors, so the $115 billion figure represents the private-market value implied by that transaction rather than capital added to the company.
Revolut was founded in 2015 by Nik Storonsky and Vlad Yatsenko. It has expanded from a money-transfer app into a financial-services platform. TechCrunch reported that it had more than 80 million retail customers in more than 40 countries, and reported 2025 revenue of $6 billion with a 38% profit margin.
What must Revolut do before opening its proposed US bank?
Revolut has conditional approval from the Office of the Comptroller of the Currency to form a proposed full-service national bank in the US, Banking Dive reported. The company has targeted the first half of 2027 for a launch, but the bank cannot open on the basis of that preliminary approval alone.
According to Banking Dive’s account of the OCC conditions, the proposed bank must have at least $95 million of initial paid-in capital after organisational and pre-opening costs. It must also maintain a tier 1 leverage ratio of at least 10% for its first three years after opening, and receive approvals from the Federal Reserve and the Federal Deposit Insurance Corp.
The conditional approval does not cover Revolut’s proposed retail foreign-exchange business. Before beginning that activity, the company must supply required information and obtain the OCC’s supervisory non-objection, Banking Dive reported.
Those requirements separate the private-market valuation event from the US banking plan. The share sale has been completed, while the proposed bank remains subject to regulatory steps and the company’s stated timetable.
Revolut has also considered a public listing. TechCrunch reported that any initial public offering would come no earlier than 2028, depending on market conditions. No listing has been announced, and reports of a potential valuation in a future IPO are not an established outcome.
This story draws on original reporting from TechCrunch.
