Source : TechCrunch (AI-generated image)
LONDON, November 4, 2026 – Revolut has been valued at US$115 billion after its investors completed a secondary share sale, a 53% rise on the valuation set in another share sale a year ago, as the British financial technology company prepares to open a bank in the United States in 2027, as reported by TechCrunch.
The sale was led by investors including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford. Because it was a secondary sale, in which existing shares change hands, it brought no new money into the company; instead, existing shareholders sold some of their holdings to the incoming investors. Revolut declined to say how much stock was sold.
Founded in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut began as a money transfer app and has grown into a wider financial services platform with more than 80 million retail customers in over 40 countries.
Banking licences and US plans
The company has established banking operations across Europe and, this year, launched banks in the United Kingdom, Mexico, Australia and New Zealand. It has also secured banking licences in France, Colombia and Argentina, and began rolling out financial services in India earlier this year.
In the United States, Revolut has received conditional approval from the Office of the Comptroller of the Currency to set up a national bank. It plans to launch the bank in the first half of 2027, subject to final regulatory approval.
The London-based company has become increasingly profitable, recording a profit margin of 38% on revenue of US$6 billion in 2025, according to TechCrunch.
Business banking a growing earner
Although Revolut built much of its business around consumers, its business banking arm, launched in 2017, has become an important source of profit. James Gibson, head of Revolut Business and a partner at the company, told TechCrunch that the division accounts for about 20% of Revolut’s gross profit.
Revolut Business is available in Europe, the UK, Singapore, Australia, New Zealand and the United States. The company told TechCrunch that it processes more than £36 billion (about US$48.6 billion) in transactions every month, including more than £1 billion in the US, generates more than £950 million in annualised revenue and holds more than £18 billion in customer deposits. Nearly half of its new business customers in the US are newly incorporated companies.
Gibson said Revolut wants to take its business banking services to more markets, including Mexico, Brazil and India, though he did not give a timeline. The company also aims to grow its business customer base from more than 800,000 firms to one million by 2027.
Listing still some way off
The higher valuation comes as Revolut weighs a stock market listing. Storonsky has considered a dual listing in New York and London and has indicated a preference for a primary listing in the United States. However, any initial public offering, which could reportedly value the company at US$200 billion, would come no earlier than 2028, depending on market conditions, giving the company more time to build up its US banking business first.
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