Revolut's valuation has surged by more than 50 per cent to $115bn following a fundraising round led by Glade Brook Capital Partners, Coatue and Durable Capital Partners. The digital banking group confirmed the new valuation on Wednesday, marking its first fundraising round since securing a series of new licence approvals, including its long-sought UK banking permit.
UK banking licence and expansion
The fintech received final sign-off from the UK's banking regulator in March, granting it permission to formally begin lending in its home market. Over the past year, it also obtained authorisation from the European Central Bank and cleared a significant hurdle towards securing its American national bank charters. This week, the group announced it had been awarded a new licence in New Zealand.
Revolut recorded a 57 per cent jump in group-wide profit to £1.7bn in 2025, as its user base expanded to 68.3m. The firm said it has since surpassed the 80m mark.
Employee ownership and growth plans
"Every bank we launch means more people get a better way to manage their money, wherever they live. Our team makes that happen, and employee ownership has been central to our culture from day one," said Nik Storonsky, chief executive of Revolut. "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."
The latest valuation increase is set to fuel further speculation surrounding Revolut's highly anticipated IPO. Storonsky indicated earlier this year the public debut was "two years away".
IPO prospects and market preference
The fintech boss has also stated he "prefers" the US market, though the company was considering a dual listing across New York and London. "We have the choice between selling in a small market with few buyers, or in a gigantic market with a huge number of buyers who will compete fiercely for our shares. Therefore, yes, we prefer the United States," he told French newspaper Les Echos in September.
A dual listing would deliver a significant boost to the London market, and follows suggestions that Revolut might bypass Britain entirely. In 2024, Storonsky remarked that it was "not rational" for the fintech to list in London, contending that the UK's market "can't compete" with the liquidity available in the US.
