Revolut has completed a secondary share sale that values the British fintech at $115 billion, a 53% jump from its valuation a year ago, according to TechCrunch. The deal comes as the company prepares to launch a US bank in 2027.
Investors including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford led the share sale. Revolut did not disclose how much stock was sold, and the transaction brought no new money into the company.
Revolut's growth and US expansion plans
Founded in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut has grown from a money-transfer app into a financial services platform with more than 80 million retail customers across over 40 countries. It has established banking operations across Europe and launched banks in the UK, Mexico, Australia and New Zealand this year, while securing banking licenses in France, Colombia and Argentina.
The company began rolling out financial services in India earlier this year and has received conditional approval from the US Office of the Comptroller of the Currency to establish a national bank. It plans to launch that bank in the first half of 2027, subject to final regulatory approval.
Revolut Business and financial performance
Revolut has become increasingly profitable, reporting a 38% profit margin on $6 billion in revenue in 2025. Its business banking division, launched in 2017, now accounts for about 20% of gross profit, according to James Gibson, head of Revolut Business.
Revolut Business processes more than £36 billion (about $48.6 billion) in transactions each month, including over £1 billion (around $1.35 billion) in the US alone. The division generates more than £950 million (about $1.28 billion) in annualized revenue and holds more than £18 billion (roughly $24.3 billion) in customer deposits, the company said.
Nearly half of Revolut Business' new US customers are newly incorporated companies. Revolut aims to grow its business customer base from over 800,000 to 1 million by 2027 and is looking to expand business banking to Mexico, Brazil and India, though no timeline was given.
