Revolut's $115 Billion Valuation: Inside the Secondary Share Sale, Licenses, and CEO's $500 Billion Ambition

Revolut confirmed a secondary share sale on July 22, 2026, priced at $2,017 per share, giving the London-based fintech a $115 billion valuation — a 53% jump from its $75 billion round just eight months earlier and more than double its $45 billion valuation in August 2024. The deal lets some employees and early investors sell stock for liquidity, with no new capital raised for the company .

Valuation trajectory

Revolut's valuation has accelerated sharply through three secondary sales in under two years:

• August 2024 — $45 billion valuation via a secondary share sale open to new and existing investors, led by Coatue, D1 Capital Partners, and existing investor Tiger Global .
• November 2025 — $75 billion valuation (a 67% jump) through another secondary sale, with participants including Coatue, Greenoaks, Dragoneer, Fidelity, Andreessen Horowitz, and NVentures (Nvidia's venture arm) .
• July 2026 — $115 billion valuation at $2,017 per share, making Revolut Europe's first private "centicorn" (a private company valued above $100 billion) .
• August 2026 — Secondary-market trading already suggests an implied worth of roughly $125 billion, just weeks after the official round .

CEO Nik Storonsky's comments and stake plans

Storonsky communicated the sale internally via a message to staff, which Bloomberg and WSJ reported, confirming the $2,017 per-share price. He told employees the sale attracted significant demand from new and existing investors, attributing the milestone to the company's strong performance and growth . He currently holds about a 29% stake in Revolut .

Separately, the Financial Times reported in early August 2026 that Storonsky is in talks with investors over a new staged incentive scheme that would increase his stake if Revolut hits a $500 billion valuation — a mechanism that reportedly began discussions even before a potential $200 billion IPO target is reached . Under his existing incentive plan, his ownership would rise from about 29% to roughly 40% when the company reaches a $150 billion valuation .

Banking licenses

Revolut has made significant regulatory progress that underpins its rising valuation:

• UK banking license — Revolut received full UK regulatory approval on March 11, 2026, ending a years-long wait and allowing it to compete head-on with high street banks in current accounts and lending .
• French banking license — On August 10, 2026, Revolut secured a full French banking license via joint approval from the ACPR and the ECB. Customers in Germany, Ireland, Italy, Portugal, and Spain will gradually move to the licensed French entity .
• US banking license application — Revolut applied for a US national bank charter in mid-2026; the company's Western Europe CEO said in April 2026 that Revolut hoped to secure licenses in both France and the US within the year .

Customer base

Revolut serves over 75 million global retail customers across more than 40 markets, making it the largest fintech in Europe by valuation and customer reach . The company reported a record pretax profit of £1.7 billion ($2.3 billion) in 2025, a 57% increase from the previous year .

Broader context: secondary sales as a liquidity alternative

Revolut's repeated use of secondary share sales reflects the reality that the IPO market has largely dried up for high-growth fintechs. Rather than waiting for a public listing — which Storonsky has said may still come, but on a longer timeline — Revolut has offered employees and early investors periodic liquidity through private-market share sales every 8–12 months at escalating valuations. This pattern has become a template for other large private tech companies facing delayed IPO windows. The $115 billion round makes Revolut more valuable than most major European banks, all while remaining private .