Revolut, a British neobank, is reportedly aiming for a valuation of $150 billion to $200 billion when it goes public, according to investor sources cited by the Financial Times. The fintech company, which obtained a full banking license in the UK in March, was recently valued at $75 billion, up from $45 billion in 2024, in a secondary share sale.
Co-founder and CEO Nik Storonsky mentioned that their IPO is at least two years away, per Bloomberg. Another secondary share sale is expected in the second half of 2026, potentially valuing the company at over $100 billion, as reported by Pitchbook and the Financial Times.
By November 2025, Revolut had raised $5.89 billion according to PitchBook. The company reported a revenue of $6 billion for the financial year ending December 31, 2025, with a net profit of $1.7 billion, and 68.3 million retail customers by the end of 2025.
Revolut did not comment on these reports. Founded in 2015, the neobank offers multi-currency accounts, payment services, crypto products, and insurance. It has been expanding internationally and applied for a banking license in the U.S. It operates in the EU, Australia, Japan, New Zealand, Singapore, Brazil, and the U.S., launched in India in October, plans to start in Colombia this year, and has received a banking license in Mexico.