Revolut’s valuation jumps 53% to $115B in new share sale as it prepares to launch US bank
News Source
•Wed, 04 Nov 2026 14:10:10 +0000
📰 What Happened
Investors have completed a share sale that values Revolut at $115 billion, 53% higher than a year ago. The deal brought no new money into the company.
Revolut is preparing to launch a US bank in the first half of 2027. It has conditional approval from the Office of the Comptroller of the Currency.
The London company has 80 million customers in more than 40 countries and reported a 38% profit margin on $6 billion of revenue in 2025.
🔍 The Backstory
Revolut started in 2015 as a cheap way to send money abroad. It added cards, savings, trading and business accounts, and now holds bank licences in several countries.
British fintechs have grown fast but faced questions about compliance and money laundering checks. Revolut spent years working to satisfy regulators before winning full banking approval at home.
Its business banking arm, launched in 2017, now supplies about a fifth of gross profit, which makes the company less dependent on consumer cards and fees.
🎯 Why It Matters
A bigger Revolut means more competition for traditional banks, which can lead to lower fees and better apps for ordinary customers.
Investors have completed a share sale that values Revolut at $115 billion, 53% higher than a year ago. The deal brought no new money into the company.
Revolut is preparing to launch a US bank in the first half of 2027. It has conditional approval from the Office of the Comptroller of the Currency.
The London company has 80 million customers in more than 40 countries and reported a 38% profit margin on $6 billion of revenue in 2025.
Revolut started in 2015 as a cheap way to send money abroad. It added cards, savings, trading and business accounts, and now holds bank licences in several countries.
British fintechs have grown fast but faced questions about compliance and money laundering checks. Revolut spent years working to satisfy regulators before winning full banking approval at home.
Its business banking arm, launched in 2017, now supplies about a fifth of gross profit, which makes the company less dependent on consumer cards and fees.
A bigger Revolut means more competition for traditional banks, which can lead to lower fees and better apps for ordinary customers.