Summary
British digital bank Revolut launched a secondary share sale that elevates its valuation to $115 billion, representing growth of over 50% compared to its previous valuation. The transaction was confirmed to employees by CEO Nik Storonsky, setting the price at $2,017 per share. The increase consolidates the neobank as Europe's most valuable startup, surpassing the market capitalization of traditional giants like Barclays.
The milestone follows Revolut obtaining its full banking license in the United Kingdom and driving revenues of $4 billion in 2024. The company has now crossed 70 million users globally. The move strengthens Revolut's internal liquidity without the need to issue new equity — a secondary sale lets existing shareholders trade shares rather than the company raising primary capital.
Revolut's next strategic step aims to consolidate its offering of protected deposits and large-scale credit products, solidifying its position in the global financial sector. The valuation jump also comes alongside the company's recent receipt of a full Authorised Deposit-taking Institution (ADI) licence in Australia (its first banking entity in APAC) and a US national bank charter filing.
Key Facts
- Secondary share sale values Revolut at $115B — up over 50% from previous valuation.
- Share price set at $2,017 per share; confirmed to employees by CEO Nik Storonsky.
- Surpasses market cap of traditional giants like Barclays; Europe's most valuable startup.
- Full UK banking license obtained; FY2024 revenue $4B; 70M+ users globally.
- Secondary sale strengthens internal liquidity without issuing new equity.
- Recent expansions: full Australian ADI licence (first global fintech to get one, first Revolut banking entity in APAC); US national bank charter filing.
- Next focus: protected deposits and large-scale credit products.
Why It Matters
A $115B valuation makes Revolut not just the most valuable European startup but a global fintech benchmark, and it does so via a secondary sale rather than a primary raise — signaling deep secondary-market demand and investor confidence in the business model rather than capital needs. Crossing Barclays' market cap is a symbolic milestone for the neobank-versus-incumbent narrative.
The valuation also reflects the payoff of Revolut's multi-year regulatory push (UK bank licence, Australian ADI, US charter application), which converts its FX-and-trading roots into a full-service deposit-taking and credit bank. The strategic emphasis on protected deposits and credit products points to where the next leg of neobank growth is expected to come from — moving up the risk curve from payments into lending, where margins are higher but so is the need for regulatory maturity.