Nik Storonsky, co-founder and CEO of Europe’s most valuable fintech, stated that Revolut plans to go public in two years, narrowing previous guidance of two to three years, reports Bloomberg. Revolut views going public not only as a liquidity event but also as a step toward greater legitimacy.
Founded in 2015 by Nik Storonsky and Vlad Yatsenko, Revolut addresses opaque bank fees, costly currency exchange, and slow cross-border payments. Today, Revolut serves 70 million customers as a financial super-app, offering current accounts, stock trading, cryptocurrency, lending, business banking, and mobile data via eSIMs in over 40 markets.
Revolut’s financial performance supports the 2028 IPO timeline. In 2024, the company generated $4 billion in revenue, a 72% year-on-year increase, and $1.4 billion in pre-tax profit, up 149%. Management projects $9 billion in revenue and $3.5 billion in net profit for 2026.
Competitors such as Chime, Monzo, Starling, and N26 remain unprofitable, subscale, or both, and none has matched Revolut’s global reach.
Two recent regulatory milestones have significantly improved Revolut’s position. In March 2026, the company received its full UK banking licence from the Prudential Regulation Authority after an 18-month mobilisation phase, delayed by concerns over global risk controls and anti-money-laundering compliance.
That same month, Revolut applied for a US national bank charter with the OCC and the FDIC and appointed Cetin Duransoy, a former senior Visa executive and former CEO of Raisin US, as its American chief executive. The US licence is critical because the American market relies on credit cards, and without it, Revolut cannot offer competitive credit products or earn interchange fees at scale.
According to sources familiar with the company’s plans, the IPO valuation target is at least $150 billion, surpassing the combined market capitalisations of Barclays, Deutsche Bank, and Société Générale.
