Revolut · growth
Revolut Reaches $115B Valuation. Does It Bring New Capital?
Revolut's $115 billion valuation strengthens its latest private-market valuation benchmark, but the secondary share sale did not raise new capital for the company because existing shares changed hands rather than newly issued shares.
What did Revolut's $115 billion share sale establish?
Announced on November 4, 2026, the secondary transaction valued Revolut at $115 billion, 53% above its valuation in a share sale one year earlier; participating investors included Coatue, Glade Brook Capital Partners, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford.
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Did Revolut raise $115 billion or receive new investment?
No. The transaction involved existing shares and brought no new money into Revolut, while the company did not disclose how many shares were sold.
What must Revolut prove to sustain its $115 billion valuation?
Revolut reported 2025 revenue of $6.0 billion, up 46%, and pre-tax profit of $2.3 billion, up 57%. However, Reuters found that its revenue per customer remained far below established banks and its £2.2 billion loan book represented a loan-to-deposit ratio of just 6% at the end of 2025, making deeper customer monetization and profitable lending important growth tests.
What remains before Revolut can launch its US national bank?
Revolut received conditional approval from the US Office of the Comptroller of the Currency on September 3, 2026, but still needs Federal Deposit Insurance Corporation and Federal Reserve approvals and final OCC approval; the company is targeting a first-half 2027 launch.
Sources
- TechCrunch — Revolut’s valuation jumps 53% to $115B in new share sale as it prepares to launch US bank
- Revolut — Revolut completes fundraising process establishing $115 billion valuation
- Reuters — Revolut's rise to become Europe's $115 billion big bank rival
- Revolut — Revolut Receives Conditional Approval from U.S. Office of the Comptroller of the Currency to Form a National Bank
Original signal: TechCrunch ↗
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