Revolut’s valuation jumps 53% to $115B in new share sale as it prepares to launch US bank

Revolut, a British fintech company, has completed a secondary share sale that values it at $115 billion, a 53% increase from its valuation a year ago. The company's investors, including Glade Brook Capital Partners, Coatue, and T. Rowe Price, led the sale, which did not bring in new money. Revolut is preparing to launch a US bank in 2027, having already established banking operations in Europe and secured licenses in several countries. The company has grown its business banking division, which accounts for 20% of its gross profit, and processes over $48.6 billion in transactions annually.