Revolut’s valuation is expected to increase by $75bn after reportedly initiating another secondary share sale.
On September 1, the Financial Times reported the UK digital bank had told staff shareholders that they would be able to sell up to 20% of their shares.
This comes after increasing interest from potential new investors after Revolut’s 2024 performance, according to an unnamed source in the report.
Last year, Revolut performed a secondary share sale which saw its valuation jump to $45bn. This made the company the most valuable fintech in Europe, with staff selling upwards of $500m in shares to increase its 2021 valuation of $33m.
“As part of our commitment to our employees, we regularly provide opportunities for them to gain liquidity,” Revolut stated in the report.
“An employee secondary share sale is currently in process, and we won’t be commenting further until it is complete.”
At the time, Revolut was also seeking an additional $1bn in funding from investors in a potential private funding round which would have seen its valuation increase to $60bn.
Reports emerged in February 2025 Revolut was facing pressure from investors to acquire more capital, viewing another share sale as a solution. Bloomberg reported at the time new investors were interested after Revolut posted record-high pre-tax profits in 2024.
2024 – Revolut’s biggest year to date?
News of Revolut’s potential $75bn valuation comes following one of the fintech’s most successful years to date, if not its most significant.
Revolut finally secured a UK banking licence in July 2024 after a three-year bid to attain one from the Prudential Regulation Authority (PRA).
The digital bank also hit record financial figures for the year; its 2024 annual report, reported revenue growth of 72% up to £3.1bn, with record profit before tax of £1bn, a 149% increase from 2023.
Revolut also grew its customer base by attracting 14.5 million new customers, becoming the number one most downloaded financial app in the UK and Ireland. CEO Nik Storonsky has signalled an intent to grow its total customer base to 100 million by the end of 2025.
Expansion goals for further growth?
Revolut is looking to expand to additional markets, having applied for 10 banking licences in countries including New Zealand and the United Arab Emirates, to name a few.
The fintech is also reportedly aiming to revive its expansion across the US. Bloomberg revealed on August 28 that Revolut officials are considering acquiring a US chartered bank in order to kickstart its growth in the country.
A source close to the matter however, said Revolut is also considering applying for a US banking licence and contemplating launching its savings products “in the weeks ahead” before officially applying for a licence.
Still barriers to compete with major banks?
Despite Revolut’s surging growth over the last year, it is unclear whether the challenger will be able to go toe-to-toe with some of the UK’s ‘Big Four’ banks.
Revolut’s 10 million UK customers (as of September 2024), is still some way away from the total customers of Lloyd’s (28 million), NatWest (20 million), Barclays (20 million), and HSBC (14.7 million).
Traditional banks also have reputational value having been in operation for several decades and, in Barclays’ instance, hundreds of years.
Digital challenger banks such as Revolut have also shown in the last several years to be prone to failing to comply with regulatory requirements, most recently in Lithuania, where the central bank fined Revolut €3.5m over money laundering control failures.
