Business · 2026-11-04 · Afternoon briefing

Revolut valuation surges to $115bn ahead of US bank launch

A secondary share sale has valued Revolut, a British fintech firm, at $115 billion, a 53% increase from its valuation a year ago. The sale brought no new capital into the company, which is preparing to launch a US bank in the first half of 2027 after receiving conditional approval from U.S. regulators. Founded in 2015, Revolut now serves over 80 million retail customers across 40 countries.

The London-based company has become increasingly profitable, reporting revenues of $6 billion in 2025 with a 38% profit margin. Its business banking division, launched in 2017, now accounts for 20% of gross profit and processes more than £36 billion ($48.6 billion) in transactions monthly. A potential initial public offering is not expected before 2028, when the firm could reportedly seek a valuation of $200 billion.

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• Revolut’s valuation jumps 53% to $115B in new share sale as it prepares to launch US bank
• Revolut confirms $115BN valuation, after completing secondary sale
• At $115bn, Revolut is worth more than Barclays
• Revolut valuation hits $115bn as fintech wins UK banking licence and eyes IPO
• Revolut’s valuation jumps 53% to $115B in new share sale as it prepares to launch US bank

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