- Revolut is exploring a secondary share sale that would value the London-based digital bank at $115 billion, according to Bloomberg, a 53% jump from the $75 billion it achieved in November 2025.
- Any deal would allow early investors and employees to cash out; a formal process could begin as soon as this month, though nothing has been finalised.
- The move follows Revolut’s receipt of a full UK banking licence in March 2026 and its filing for a US national bank charter: two milestones that have materially changed what the company is worth and to whom.
Revolut, the London-based digital bank and financial super-app founded in 2015, is weighing a secondary share sale at a $115 billion valuation, according to Bloomberg, which cited people with knowledge of the matter who asked not to be identified.
If it closes at that figure, the London fintech would be worth more than Barclays and Deutsche Bank, and roughly on a par with BNP Paribas.
A formal process could kick off as soon as this month, Bloomberg reported, though details have not been finalised and the company is still sounding out investors. Secondary share sales allow existing shareholders to sell their stakes to new buyers.
Revolut has made this a deliberate strategy: the company has said it will run secondary transactions before any IPO, which CEO Nik Storonsky has indicated is at least two years away.
The numbers and the questions they raise
A $115 billion valuation on $6 billion of revenue and $2.3 billion of profit implies a price-to-earnings multiple that puts Revolut in the company of the fastest-growing technology businesses.
Bloomberg reported that at a $115 billion valuation, Storonsky’s own stake would be worth at least $36 billion, based on internal share distribution documents, placing him among the wealthiest fintech founders in the world.
Revolut has been explicit that secondary sales are a staging mechanism. Each one serves two purposes: liquidity for insiders and a price discovery exercise that tells the company what the market will bear before it has to stand before public shareholders and defend the number.
At $75 billion, it was Europe’s most valuable private tech company. At $115 billion, it would be in genuinely rare air, comparable with global financial institutions that have been building for decades.
That is a high bar to set for an eventual IPO. It is also, if the sale closes, a statement that investors believe, at that price, is justified.
