FinTech giant Revolut has announced the close of its latest fundraising process, establishing a new company valuation of $115 billion (£85bn).
Just a year ago, an employee share sale valued Revolut at $75bn.
The transaction was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, Inc., and Baillie Gifford – with participation from both long-standing partners and new global investors.
The London-headquartered firm, which has 80 million retail customers around the world, recently announced that it had secured its 34th banking licence in New Zealand.
This year the company has also launched banks in the UK, Mexico and Australia, while securing banking licences in France, Colombia, and Argentina, alongside conditional US charter approval. This builds on Revolut’s established European banking operations across 30 markets.
Revolut’s 2025 revenue grew 46% to $6bn (£4.5bn) and pre-tax profit climbed 57% to $2.3bn (£1.7bn), expanding pre-tax margins to 38%.
The company’s long-term goal is to serve over 100m 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,” said Nik Storonsky, CEO and founder. “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.”
Victor Stinga, CFO of Revolut, said: “The milestones achieved this year have been several years in the making. 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.
“The confidence of our investors, both existing and new, reflects Revolut’s unique opportunity to build the first truly global bank.”