Revolut’s worth just surged 53% in its latest secondary share sale, bringing its valuation to $115 billion, as the London-founded company accelerates its U.S. launch plans. This fresh round didn’t bring in new capital—investors traded existing shares—but it signals strong confidence in Revolut’s growth trajectory globally. The fintech app, now a full-fledged financial services platform, is gearing up to open a national bank in the U.S. in early 2027, following conditional approval from regulators.
Already global—and growing more profitable
Since its founding in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut has expanded well beyond its money-transfer roots. It now serves over 80 million customers in more than 40 countries. The company has built banking operations across Europe and launched banks in the U.K., Mexico, Australia, and New Zealand during the past year. It also secured banking licenses in France, Colombia, and Argentina, and this year began offering financial services in India. In the U.S., Revolut recently got conditional approval from the Office of the Comptroller of the Currency to operate a national bank, with an official launch targeted for H1 2027.
Business banking fuels margins
Revolut is showing substantial financial strength, reaching a 38% profit margin on $6 billion in revenue during 2025. Its business banking unit—launched in 2017—now contributes roughly one-fifth of the firm’s gross profit. That division handles more than £36 billion (about $48.6 billion) in monthly transactions globally, including over £1 billion in the U.S. alone. It generates over £950 million in annualized revenue, with customer deposits exceeding £18 billion.
Almost half of Revolut Business’s new U.S. customers are newly formed companies. The firm aims to grow its business customer base from more than 800,000 to one million by 2027, while expanding its business banking services into Mexico, Brazil, and India—though exact timelines remain unclear.
IPO on the horizon—but not yet
With the valuation jump, Revolut is increasingly eyeing a public offering. Company leadership prefers a primary listing in the U.S., with the possibility of a dual New York-London listing. One forecast puts a potential IPO valuation at around $200 billion. Still, a floatation is not expected before 2028, pending favorable market conditions and regulatory milestones.
Revolut’s growth reflects a broader fintech trend: companies transitioning from B2C money apps to full-service banking platforms. The ambitious U.S. launch comes at a time when regulatory approval plays a gatekeeper role—and getting conditional approval is a major step. With business banking proving profitable, Revolut has a solid foundation as it scales up its U.S. operations. The $115 billion valuation may look lofty now—but as it builds out its banking arm and enters new markets, investors are betting it can live up to the hype. What to watch for: how it handles U.S. compliance, how fast it executes expansion into new regions, and whether the IPO whispers turn into action.
