Revolut Hits $115 Billion Valuation Following Global Banking Expansion and Record Profits

Revolut has reached a $115 billion valuation following a successful fundraising round, cementing its position as a dominant force in global finance. For fintech professionals, this milestone reflects the massive scale achievable by digital-first banks that successfully navigate the complex regulatory landscapes of the UK, US, and emerging markets simultaneously.

What was announced

The $115 billion valuation follows a transaction led by a consortium of major investors including Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, Inc., and Baillie Gifford. The funding comes as Revolut reports significant financial growth and geographic expansion. In 2025, the company’s revenue rose 46% to $6.0 billion (£4.5bn), while pre-tax profits surged 57% to $2.3 billion (£1.7bn), resulting in a pre-tax margin of 38%.

The company currently serves over 80 million retail customers and has significantly accelerated its global banking rollout throughout 2026. This year, Revolut launched full banking operations in the UK, Mexico, Australia, and New Zealand. It has also secured banking licences in France, Colombia, and Argentina. Crucially, the firm has received conditional US charter approval from the Office of the Comptroller of the Currency (OCC), a pivotal step in its North American strategy. These developments build upon an existing footprint of banking operations across 30 European Economic Area (EEA) markets. The firm is now targeting a long-term goal of serving over 100 million active customers across more than 100 countries.

"Every bank we launch means more people get a better way to manage their money, wherever they live. Our team makes that happen, and employee ownership has been central to our culture from day one. That’s why we’ve once again given them the chance to share in the value they’ve created, as we work towards our next milestone of serving 100 million customers."

Nik Storonsky, CEO & Founder of Revolut

The companies involved

Revolut has evolved from a travel-focused FX card into a comprehensive global financial platform. It now operates as a licensed bank in dozens of jurisdictions, competing directly with traditional high-street incumbents. The company's valuation trajectory has consistently outpaced many of its peers in the neobanking sector, driven by its aggressive diversification into trading, crypto, and business banking. The firm is led by CEO Nik Storonsky and Victor Stinga, who serves as Group CFO & Partner.

The investment round features several high-profile institutional backers. Baillie Gifford, a long-standing investment management firm based in Edinburgh, has a history of backing high-growth technology companies. Coatue and Glade Brook Capital Partners LLC are also prominent participants in the global venture and growth equity space. Other key participants include Durable Capital Partners LP and T. Rowe Price Associates, Inc. These investors represent a mix of existing partners and new global capital, indicating sustained institutional confidence in Revolut’s ability to scale its digital banking proposition beyond its European core and into highly competitive markets like the United States and Latin America.

What FF News has reported before

FF News has closely tracked Revolut’s rapid regulatory and operational expansion. Just recently, the publication reported that Revolut Becomes New Zealand’s First Digital Bank with Landmark Licence and NZ$120m Investment. This followed the company’s move to bolster its leadership in the digital assets space, as seen when Revolut Appoints Nilesh Khatwani as Global Head of Institutional Sales for Crypto Expansion. Additionally, the firm has been active in regulatory advocacy, with FF News covering how Revolut Backs CMA Move to Open Apple NFC Access for UK Fintechs, a move intended to level the playing field for digital wallet providers in the UK.

What this means

A $115 billion valuation places Revolut in a rare tier of global financial institutions, moving the needle for the entire fintech sector. It signals that the "super-app" model, combined with full banking licensure, is now viewed by the market as a viable and highly profitable alternative to traditional banking. This valuation puts immense pressure on incumbent banks and smaller neobanks alike, as Revolut’s massive capital reserves allow it to absorb the high costs of customer acquisition and regulatory compliance in new territories. The primary question remaining for the sector is whether other digital challengers can achieve similar profitability margins while scaling at this pace.