Revolut Hits $115 Billion Valuation in Global Expansion Push
Revolut has completed a $115 billion funding round and launched banking services in four new markets, marking a major milestone as it shifts from a European focus to a global structure.
Revolut has completed a funding round valued at US$115 billion on November 4, with 2025 revenue of US$6 billion and pretax profit of US$2.3 billion. The London-based neobank has launched full banking operations in the UK, Mexico, Australia, and New Zealand since the start of 2026 and secured banking licenses in France, Colombia, and Argentina. This fundraising reflects a strategic shift from Europe-centric banking to a global structure with licenses across Europe, the Americas, and Oceania.
Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford led the sale, with both existing and new global investors participating. The company did not disclose the number of shares sold. A separate share sale provided employee liquidity.
Valuation Milestone
The new $115 billion valuation represents a 53% increase from the $75 billion figure set in November 2025 and is more than double the $45 billion valuation from 2024. This places the company's valuation at approximately 50 times its 2025 pre-tax profit of $2.3 billion.
Customer Growth and Profitability
Revolut now has over 80 million retail customers. In 2025, revenue grew 46% to $6.0 billion while pre-tax profit increased 57% to $2.3 billion, expanding pre-tax margins to 38%. Founder and CEO Nik Storonsky announced the customer milestone in a LinkedIn post, stating: “100 million next, and a lot more of the world after that.”
The company's existing banking operations already cover 30 markets in the European Economic Area. Its app consolidates current accounts, cards, currency exchange, stock and crypto trading, loans, and business banking.
Regulatory Progress and Future Plans
A significant step in its global expansion is conditional approval for a national bank charter from the Office of the Comptroller of the Currency in the United States. The US banking position remains subject to the conditions attached to that OCC approval.
Revolut plans a dual listing in New York and London, having pushed its IPO plans to 2028. Reports indicate the company is targeting a valuation between $150 and $200 billion for its public debut. Storonsky has previously stated that an IPO is at least two years away and is likely to be in the US.
Founder Nik Storonsky left trading jobs at Lehman Brothers and Credit Suisse and, frustrated by hidden currency fees while travelling, co-founded Revolut in 2015 with Vlad Yatsenko, a former Deutsche Bank developer. Yatsenko, who stepped down as CTO in July, served as the first employee to help attract engineering talent and now remains as a non-executive board member. The company aims to serve more than 100 million active customers in over 100 countries.
