▼ Summary
– Revolut’s secondary share sale valued the company at $115 billion, a 53% increase from November 2025, making it the most valuable private fintech globally.
– Revolut received a full, unrestricted banking licence from Australia’s APRA, the first global fintech to do so, allowing it to offer savings accounts and loans in Australia.
– The secondary sale was led by returning investors Coatue, Greenoaks, Dragoneer, and Fidelity, enabling existing shareholders and employees to sell stakes.
– Revolut reported 2025 revenue of nearly £4.5 billion (up 46%) and pre-tax profit close to £2 billion (up 57%), with 2026 projections of $9 billion revenue and $3.5 billion net profit.
– CEO Nik Storonsky stated the company’s IPO is about two years away in the US, targeting at least $150 billion, supported by expansion into business banking and new licensed markets.
Revolut has reached a new valuation milestone, hitting $115 billion in a secondary share sale announced Tuesday. That marks a 53 percent increase from the $75 billion valuation the digital bank achieved just months ago in November 2025. Shares in the sale were priced at $2,017 each, according to Bloomberg. This valuation firmly establishes Revolut as the most valuable private fintech globally, far outpacing rivals like Stripe and surpassing the market caps of most publicly traded European banks.
Just one day earlier, Revolut secured a landmark regulatory achievement. The company received an authorised deposit-taking institution licence from Australia’s Prudential Regulation Authority, making it the first global fintech to obtain a full, unrestricted ADI. This licence unlocks the ability to offer savings accounts, term deposits, and lending products to over one million existing Australian users. Revolut has committed to investing AUD$400 million in the Australian market over the next five years.
The secondary sale was driven by a roster of returning investors, including Coatue, Greenoaks, Dragoneer, and Fidelity. New participation came from Andreessen Horowitz, Franklin Templeton, T Rowe Price, and Nvidia’s venture arm NVentures. The transaction allowed existing shareholders and employees to sell portions of their stakes at the elevated price. CEO Nik Storonsky, who holds roughly one-third of the company’s equity, could see his personal stake valued at more than $36 billion at this new valuation.
This valuation surge reflects a company on a steep financial incline. Revolut reported revenue of nearly £4.5 billion in 2025, a 46 percent year-over-year increase, and pre-tax profit of close to £2 billion, up 57 percent. Looking ahead, management projects $9 billion in revenue and $3.5 billion in net profit for 2026.
The timing of these two major announcements is no coincidence. Revolut received its full UK banking licence from the Prudential Regulation Authority in March 2026 after years of regulatory delays, and it has since applied for a US national bank charter with the Office of the Comptroller of the Currency. The company now holds banking licences in the UK, the European Economic Area (through Lithuania), Mexico, and Australia, with its US application still pending.
Storonsky has indicated that the company’s IPO is roughly two years away and will take place in the US, citing higher liquidity and more favorable technology valuations. Sources familiar with Revolut’s strategy have told Bloomberg the IPO target is at least $150 billion, a figure that would make Revolut more valuable than Barclays, Deutsche Bank, and Societe Generale combined. To justify that valuation, Storonsky is prioritizing business banking, aiming to show institutional investors that Revolut is a full-spectrum bank, not just a consumer payments app.
The Australian licence carries particular weight because APRA’s requirements are among the most stringent globally. Revolut’s existing Australian customers will transition from the current e-money structure to Revolut Bank Australia, gaining access to deposit protection under the Financial Claims Scheme. The company now serves over 70 million customers across more than 100 countries and has more than 500,000 retail customers in Mexico, where it launched full banking operations in January 2026.
The $115 billion valuation positions Revolut much closer to its eventual IPO price than to its startup origins. Whether the company can sustain this trajectory will depend on how quickly it converts new banking licences into revenue-generating products in emerging markets, and whether the business banking push delivers the higher-margin growth that public market investors will demand.
(Source: The Next Web)