The British fintech's valuation has increased 53% in one year, although the latest transaction is a secondary share sale rather than a new capital raise.
Revolut has reached a $115 billion valuation following a secondary share sale involving existing shareholders and major global investors.
Announced November 4, the transaction represents a 53% increase from the $75 billion valuation established in November 2025.
The sale was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford.
Unlike a traditional funding round, the transaction involved existing shares changing hands.
That means the proceeds go to selling shareholders rather than becoming new capital available for Revolut's operations.
The company did not disclose the total value of shares sold.
Europe's Most Valuable Private Technology Company
Founded in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut has evolved from a foreign exchange and prepaid card application into a global financial services platform.
The company now serves more than 80 million retail customers across over 40 countries.
Its product offering includes bank accounts, payments, foreign exchange, investments, business banking and additional financial services.
In 2025, Revolut reported approximately $6 billion in revenue and $2.3 billion in pre-tax profit.
Those financial results provide context for its rising valuation.
Unlike many high-growth private technology companies, Revolut has achieved substantial profitability while continuing to expand internationally.
Banking Expansion Across Multiple Markets
Revolut's latest transaction comes during a year of major regulatory developments.
The company has launched full banking operations in the United Kingdom, Mexico, Australia and New Zealand.
It has also secured banking licenses in France, Colombia and Argentina.
In the United States, Revolut received conditional approval for a national bank charter and is preparing for a planned banking launch in 2027.
A US banking operation would allow it to compete more directly with established financial institutions in one of the world's largest financial markets.
However, regulatory approval, banking infrastructure and customer acquisition remain significant execution challenges.
Why Secondary Transactions Matter
A secondary share sale provides liquidity without requiring a company to issue new equity.
For employees and early investors, it can create opportunities to realize gains before an initial public offering.
For Revolut, the transaction establishes a new private-market valuation without the dilution associated with issuing additional shares.
It also demonstrates investor willingness to purchase equity at a substantially higher price than a year earlier.
But private-market valuations are not the same as public stock-market prices.
They reflect the price agreed for shares in a particular transaction, potentially involving different liquidity and ownership conditions.
The Next Milestone
Revolut continues expanding its services, licenses and customer base while remaining privately held.
Its $115 billion valuation places it among the world's most valuable private technology companies.
The question now is whether the company can translate its international user base into sustainable banking profitability across additional markets, particularly the United States.
Its next major test may be operational rather than financial: successfully scaling a regulated banking business beyond Europe.
Sources: Revolut announcement · TechCrunch · Tech.eu