London-based fintech Revolut has reached a $75 billion valuation, significantly surpassing several established traditional banks as it accelerates its global expansion and digital finance initiatives.
The company’s valuation increased by 67% in just three months, up from $45 billion last year, following a recent secondary sale of shares. This transaction marked the fifth time Revolut employees were able to liquidate their holdings.
Major investors, including Fidelity, Nvidia’s venture capital arm NVentures, and Andreessen Horowitz (a16z), backed the deal. Coatue, Greenoaks, Dragoneer, Franklin Templeton, and T. Rowe Price Associates also participated.
Revolut announced the news on Monday in a press release. The exact amount raised through the secondary sale was not disclosed.
The fintech’s new valuation now exceeds the market capitalization of banking giants such as Deutsche Bank, Barclays, and Société Générale.
Founded in 2015 by CEO Nikolay Storonsky and CTO Vlad Yatsenko, Revolut has grown to serve over 65 million customers worldwide. It processes more than one billion transactions monthly across its personal and business accounts.
In 2024, Revolut reported revenues of $4 billion, a 72% increase from the previous year. Pre-tax profit surged 149% to $1.4 billion.
Its Revolut Business division alone achieved $1 billion in annualized revenue, solidifying its position as a leading European fintech.
Revolut is aggressively expanding its international footprint. This year, it secured banking licenses in Mexico and Colombia and is preparing for further launches in India and other Latin American markets.
The company also obtained a MiCA license in Cyprus in October, enabling it to offer regulated cryptocurrency services across the European Economic Area. It recently launched its Crypto 2.0 platform, supporting over 280 tokens, commission-free staking, and free stablecoin exchanges in collaboration with Polygon Labs.
Despite its rapid growth, Revolut continues to pursue a full banking license in the United Kingdom, which Storonsky has called its “number one priority.”
The company aims to compete directly with large traditional lenders in areas such as consumer credit, mortgages, and business loans. It is also evaluating the acquisition of a United States bank to accelerate its global reach.
Storonsky expressed gratitude for the company’s progress. He stated, “This milestone reflects the remarkable progress we have made in the last twelve months towards our vision of building the first truly global bank, serving 100 million customers in 100 countries.”
Chief Financial Officer Victor Stinga added, “The level of interest from investors and our new valuation reflect the strength of our business model, which delivers both rapid growth and strong profitability.”
The financing round comes amid a period of consolidation in the fintech sector. Technological innovation and the adoption of cryptocurrencies are driving record valuations, underscoring the need for digital financial services to mature and challenge the established banking industry.