Revolut Reaches 115 Billion Dollar Valuation Ahead of US Launch

British financial technology company Revolut reached a valuation of $115 billion on November 4, 2026, following a secondary share sale led by existing and new investors. The transaction represents a 53% increase from its previous valuation a year earlier as the company prepares to establish a national bank in the United States in 2027.

The share sale involved Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford. According to TechCrunch, the transaction did not bring additional capital into Revolut, and the company declined to disclose the volume of shares sold.

Founded in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut has developed from a money transfer application into a financial services platform serving more than 80 million retail customers across over 40 countries.

The company expanded its banking operations into the United Kingdom, Mexico, Australia, and New Zealand in 2026. It also secured banking licenses in France, Colombia, and Argentina while beginning to introduce financial services in India.

Revolut has also received conditional approval from the US Office of the Comptroller of the Currency to establish a national bank. Its planned American banking operation is scheduled to launch in the first half of 2027, subject to final regulatory approval.

Founder and CEO Nik Storonsky linked the company's international expansion to its ambition to make financial services more accessible across different markets.

"Every bank we launch means more people get a better way to manage their money, wherever they live," said Nik Storonsky, Revolut's founder and CEO.

The company also highlighted employee ownership as part of its strategy, explaining that the latest transaction provided employees with another opportunity to participate in the value created by the business.

"Our team makes that happen, and employee ownership has been central to our culture from day one. That's why we've once again given them the chance to share in the value they've created, as we work towards our next milestone of serving 100 million customers." said Nik Storonsky, Revolut's founder and CEO.

Revolut's financial performance has supported its expansion. According to the company's announcement, revenue increased 46% to $6 billion in 2025, while pretax profit rose 57% to $2.3 billion. TechCrunch separately reported a profit margin of 38% for the same year.

The company's business banking division has also become an important revenue contributor. James Gibson, head of Revolut Business, told TechCrunch that the division accounts for approximately 20% of Revolut's gross profit.

Revolut Business processes more than £36 billion, equivalent to approximately $48.6 billion, in monthly transactions. Its operations generate more than £950 million in annualized revenue and hold over £18 billion in customer deposits, according to figures provided to TechCrunch.

The business division serves customers across Europe, the United Kingdom, Singapore, Australia, New Zealand, and the United States. Transactions in the US alone exceed £1 billion monthly, while nearly half of its newly acquired American business customers are newly incorporated companies.

Revolut Chief Financial Officer Victor Stinga said the company's recent developments resulted from several years of preparation.

"The milestones achieved this year have been several years in the making," said Victor Stinga, Revolut's chief financial officer.

The company expects its expanding banking infrastructure to support further international growth and strengthen its position in established markets.

"They allow us to strengthen our digital banking proposition in our core markets and pave the way for it reaching millions more customers beyond Europe. The confidence of our investors, both existing and new, reflects Revolut's unique opportunity to build the first truly global bank." said Victor Stinga, Revolut's chief financial officer.

Meanwhile, Revolut plans to extend its business banking services into Mexico, Brazil, and India, although Gibson did not provide a launch schedule. The company also aims to increase its business customer base from more than 800,000 to one million by 2027.

Its broader international strategy includes a long-term target of serving more than 100 million active customers across over 100 countries.

The expansion comes alongside regulatory scrutiny in the United Kingdom. The Bank of England's Prudential Regulation Authority recently began investigating risks associated with the pace of Revolut's product launches.

The development followed the introduction of the company's first credit product since becoming a licensed UK bank. The new personal loans allow customers to borrow between £2,000 and £25,000, with repayment periods ranging from one to five years.

Francesca Carlesi, Revolut's UK CEO, said the lending product was designed to simplify access to credit and integrate borrowing into the company's existing financial services.

"UK consumers can face unnecessary friction and complex fee structures when borrowing. We've built a transparent and simple loan process with near-instant funds on approval, no fee for early repayment and competitive rates. Plus, by bringing credit into the Revolut ecosystem, customers can see exactly how their repayments fit alongside their day-to-day budgeting, spending and investing all in one place." said Francesca Carlesi, Revolut's UK CEO.

Revolut is also considering a future public listing. Storonsky has explored a potential dual listing in New York and London, with a preference for a primary US listing. An initial public offering is not expected before 2028, depending on market conditions, while earlier projections have placed its potential valuation at $200 billion.