Signal

Revolut hits a $115B valuation, up from $75B in November 2025, after a secondary share sale led by Glade Brook, Coatue, and others, as it plans a US launch

First reported by TechCrunch ·

The signal ●●●● Compiled by AI from TechCrunch, Techmeme and Silicon Republic
Why you might care

If you use Revolut for business, its valuation increase signals a stronger financial footing for expanding its services, including a planned U.S. bank launch.

What happened

Revolut's valuation has surged to $115 billion following a secondary share sale, marking a 53% increase from its November 2025 valuation. This latest sale was led by investment firms including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford, though it did not inject new capital into the company. The British fintech, founded in 2015, has expanded its services to over 80 million retail customers globally and has established banking operations in multiple regions, including the UK, Mexico, Australia, and New Zealand. Revolut is preparing for a significant expansion into the U.S. market, having secured conditional approval to establish a national bank, which is slated for launch in the first half of 2027, pending final regulatory consent. The company reported substantial profitability in 2025, with a 38% profit margin on $6 billion in revenue, and its business banking division is a growing contributor to its financial success.

What it means

The significant valuation jump to $115 billion, driven by secondary sales rather than new funding, underscores investor confidence in Revolut's business model and its strategic expansion plans, particularly its upcoming U.S. bank launch. This valuation surge, occurring as the company eyes a major U.S. market entry, suggests that investors are betting heavily on its ability to replicate its success in Europe and other regions within the highly competitive American financial landscape.

This event positions Revolut as a formidable competitor for established U.S. financial institutions and other neobanks, signaling a potential intensification of competition in the fintech sector. As Revolut gears up for its U.S. launch, its increasing valuation and profitability may also influence its potential IPO trajectory, with speculation of a dual listing and a possible valuation of $200 billion in the future.

AI-written summary. May contain errors.

Funding