Revolut completes share sale at $115B valuation, led by Glade Brook, Coatue and Durable — TFN

• Revolut accomplished a share sale at a $115 billion valuation, up 53% from its $75 billion valuation in November 2025.
• The corporate didn’t say what number of shares have been bought. Workers have been as soon as once more given the chance to promote their shares.
• This valuation is circa 50x Revolut’s pre-tax revenue of $2.3 billion in 2025.

Nik Storonsky left his buying and selling jobs at Lehman Brothers and Credit score Suisse in 2013 to start out Revolut from two desks in a Canary Wharf incubator. The London-based firm simply accomplished a share sale that valued it at $115 billion, the identical valuation we reported in July.

Glade Brook Capital Companions, Coatue, Sturdy Capital Companions, T. Rowe Value Associates and Baillie Gifford led the sale, with each current and new world buyers collaborating. They haven’t disclosed the buyers’ names or the variety of shares that modified fingers.

The brand new valuation is 53% above the $75 billion figure from November 2025 and greater than double the $45 billion valuation from 2024. In July, a Tech Funding Information piece famous that Firms Home filings confirmed Nvidia’s enterprise arm held about $196 million of Revolut shares.

From hidden journey charges to 80 million prospects

Storonsky labored in fairness derivatives at Lehman Brothers from 2006, then at Credit score Suisse. While travelling, he was pissed off by the hidden foreign money charges, so he arrange Revolut in 2015 with Vlad Yatsenko, a former Deutsche Financial institution developer. Yatsenko was the primary worker and have become a co-founder to assist appeal to engineering expertise. He stepped down as CTO in July and now serves as a non-executive board member.

Revolut now gives present accounts, playing cards, foreign money change, inventory and crypto buying and selling, loans, and enterprise banking in a single app. In a LinkedIn put up concerning the share sale, Storonsky announced that the corporate now has over 80 million prospects: “100 million subsequent, and much more of the world after that.”

Revolut has launched banks within the UK, Mexico, Australia and New Zealand since early 2026 and has secured licences in France, Colombia and Argentina. The UK financial institution launched in March following a restricted licence in July 2024. The US is subsequent.

“Each financial institution we launch means extra individuals get a greater strategy to handle their cash, wherever they dwell. Our staff makes that occur, and worker possession has been central to our tradition from day one,” added Storonsky.

The following take a look at: the general public market

The $115bn is a valuation, not the amount of cash raised. Revolut didn’t say how a lot it truly raised or what it intends to do with the proceeds. The $115bn value matches the determine reported in July, earlier than the US constitution approval.

Fortune Enterprise Insights forecasts the global neobanking market to succeed in $310 billion in 2026 and $7.66 trillion by 2034.

Storonsky informed Bloomberg in April that an IPO is at the very least two years away and in October mentioned an inventory was more likely to be within the US. Stories say Revolut is targeting a $150-200 billion valuation in its IPO. The general public will examine it to banks, which commerce at significantly decrease multiples, and the licences have given it that premium. The large query is whether or not the general public can pay a tech firm a number of for a enterprise that’s clearly beginning to look extra like a financial institution.