Revolut reaches a $115bn valuation, with its leadership saying that the fintech has a “unique opportunity” to build the first truly global bank.
Revolut has announced the completion of its latest fundraising, achieving a valuation of $115bn, a 53% increase from the $75bn valuation it reached in November 2025.
Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford led the transaction, with Revolut saying it attracted investment from both existing and new investors.
The announcement, published on 4 November, comes as the London-founded fintech continues to expand its banking operations internationally, with more than 80 million retail customers worldwide.
Victor Stinga, CFO of Revolut, said several of the milestones achieved this year had been “years in the making”.
While he didn’t specify which milestones he was referring to, Revolut has made significant progress in its international expansion this year.
It has launched banks in the UK, Mexico, Australia and New Zealand, secured banking licences in France, Colombia and Argentina and received conditional approval for a US national bank charter from the Office of the Comptroller of the Currency.
“They allow us to strengthen our digital banking proposition in our core markets and pave the way for it reaching millions more customers beyond Europe,” said Stinga.
“The confidence of our investors, both existing and new, reflects Revolut’s unique opportunity to build the first truly global bank.”
From start-up fintech to global bank
Founded in the UK in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut started as a digital alternative for international money transfers and currency exchange, aiming to make managing money across borders simpler and cheaper.
It has since added business accounts, cryptocurrency trading, investment services, and premium subscription plans as it looked to appeal to younger, more digitally savvy audiences that legacy banks struggled to serve.
A banking licence from the Bank of Lithuania in 2018 was a significant step in its journey, allowing the company to develop its banking operations across Europe. Since then, its customer base and financial performance have grown exponentially.
In 2025, Revolut reported revenue of $6bn, up 46% year-on-year, while pre-tax profit increased 57% to $2.3bn. This followed 2024 revenue of $4bn and pre-tax profit of $1.4bn.
Its progress hasn’t always been straightforward, however, with a lot of trouble coming in its domestic market. In the UK, Revolut first applied for a banking licence in 2021, but only received authorisation with restrictions in July 2024. The fintech only launched as a fully licensed bank earlier this year in March.
Can someone define a global bank?
A truly global bank can be difficult to define, as many financial institutions operate across multiple countries. Revolut, however, has set out a metric to help understand when it will achieve such a title. The goal is to serve more than 100 million active customers across over 100 countries.
The fintech is making progress towards its ambition, with more than 80 million retail customers and banking operations in around 40 countries. Its app also supports services such as international transfers and multi-currency card spending in more than 160 countries and regions, which may count toward its metric.
Storonsky, who has led Revolut’s expansion, highlighted the importance of employee ownership to the company’s journey. He said it had been vital to its culture from day one, with the latest transaction giving staff another opportunity to share in the value they have helped create.
“Every bank we launch means more people get a better way to manage their money, wherever they live,” he said. “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.”
