TLDR
- The British fintech is aiming for a $200 billion valuation when it goes public, with an IPO planned for 2028 or later
- Its most recent private valuation stood at $75 billion following a November 2025 secondary transaction
- An additional share sale scheduled for late 2026 may value the firm at approximately $100 billion
- The company secured complete U.K. banking authorization in March and has submitted an application for U.S. banking credentials
- The fintech reported £1.7 billion in pre-tax earnings for 2025, marking a 57% year-over-year increase
According to an April 21 Financial Times report, Revolut, the prominent British fintech platform offering cryptocurrency and digital banking solutions, has informed potential investors of its ambition to achieve a $200 billion valuation when it eventually enters public markets.
The digital banking pioneer’s last private market valuation reached $75 billion through a secondary share transaction in November 2025. This means the projected IPO target would mark a nearly 125% jump in valuation within a timeframe of less than half a year.
Investor discussions have centered on a potential valuation bandwidth between $150 billion and $200 billion for the anticipated public offering, according to Revolut. Company leadership has made clear that any public market debut won’t happen before 2028 at the earliest.
Prior to the anticipated IPO, the fintech is also organizing another secondary share transaction for the latter part of 2026. Industry sources suggest this intermediate sale could establish the company’s worth at roughly $100 billion.
A person familiar with the matter told the Financial Times that no definitive valuation figure has been finalized. When approached for official commentary, Revolut declined to verify the reported numbers.
Co-founder Nik Storonsky mentioned in December that should the company achieve the $200 billion milestone, his personal holdings would be valued at approximately $80 billion.
Profit Growth and Banking Licenses
The fintech platform posted pre-tax profits of £1.7 billion throughout 2025, representing a 57% climb compared to the prior year. However, this expansion rate represents a deceleration from the company’s previous fiscal period, which saw profits surge by nearly 150%.
March 2026 marked a significant regulatory achievement when Revolut obtained full banking authorization in the United Kingdom, concluding a multi-year application process.
That same month, the company submitted its application for U.S. banking credentials to the Office of the Comptroller of the Currency. Securing approval would enable Revolut to function as a fully licensed banking institution throughout American markets.
Established in 2015, Revolut provides an array of financial services spanning international money transfers, foreign exchange, and digital asset trading. The platform has evolved into Europe’s highest-valued private technology company.
From Startup to Global Expansion
Since its inception, the financial technology firm has pursued aggressive international expansion while continuously building its user base across numerous markets.
Throughout its existence as a private entity, the company has attracted substantial backing from venture capital firms and private equity investors.
If Revolut successfully achieves the $200 billion valuation target at its IPO, it would represent one of the most valuable public debuts ever recorded in the fintech sector.
The company has yet to disclose its preferred stock exchange for listing or provide specific timing details beyond the stated 2028 timeframe.
The latest major milestone came in March 2026 with Revolut’s U.S. banking license application submission, which currently awaits OCC approval.
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