Revolut reaches $115 billion valuation in secondary share sale

Revolut has been valued at $115 billion in a secondary share sale, Bloomberg reported, putting a new private-market marker on one of Europe’s most valuable fintech companies. The reported price, $2,017 a share, implies that co-founder and CEO Nik Storonsky’s stake is worth more than $36 billion on paper, according to Bloomberg, which cited internal share distribution documents.

The transaction is a sale of existing shares by shareholders and employees, not a primary round, so Revolut is not adding fresh capital to its balance sheet. The buyer mix was not disclosed, and Bloomberg did not say whether the demand came mainly from new investors or existing backers increasing their positions.

Private valuation keeps climbing

The $115 billion price tag is a 53% increase from Revolut’s $75 billion valuation in November 2025. It also extends a steep run-up from $45 billion in 2024, giving the company a private-market valuation above Barclays and Deutsche Bank and close to BNP Paribas, Europe’s largest bank by assets.

Revolut’s recent regulatory progress helps explain part of the repricing. The company received a full UK banking licence in March 2026 and has applied for a US banking charter. Those steps are central to the case that Revolut can be valued as a technology company with banking permissions rather than as a conventional lender.

That distinction is doing a lot of work. At $115 billion, Revolut is valued at about 50 times its expected 2025 pre-tax profit of $2.3 billion. BNP Paribas, with a market capitalization of about $118 billion and expected 2025 earnings of 12.2 billion euros, trades closer to nine or 10 times earnings. Deutsche Bank, at roughly $67 billion in market value, and Barclays, at about $97 billion, sit in the single digits or low teens by the same broad comparison.

IPO expectations set the next test

Revolut has been using secondary sales to create liquidity for employees and early investors while it remains private. Storonsky has said an initial public offering is still at least two years away, and the company has told investors it wants to reach a $150 billion to $200 billion valuation for that listing.

Bloomberg reported that Revolut chairman Martin Gilbert has been meeting investors in person, including at the Monaco Grand Prix. Tech Funding News previously reported that Nvidia’s venture arm invested $196 million in Revolut before the latest sale, which means at least some large backers were already positioned before the new valuation was set.

The gap between Revolut and other UK consumer fintechs is now wide. Monzo, the nearest UK rival cited in the report, was valued at $5.9 billion in a share sale last October. Revolut’s private valuation is now many times larger, even though public-market investors may apply a different discount to banking risk, regulation and profit durability when the company eventually lists.

The confirmed valuation makes Storonsky one of the richest fintech founders on paper. It also gives Revolut a public-markets problem before it is public: maintaining a bank-sized valuation while trading at a technology-style earnings multiple.

This story draws on original reporting from TechFundingNews.