Revolut confirmed on 24 November 2025 that it had completed a secondary share sale establishing a valuation of USD 75 billion for the UK-headquartered fintech, up from the USD 45 billion valuation recorded in a previous secondary transaction in May 2025. The sale was led by a group of institutional investors including Coatue, Greenoaks, Dragoneer, Fidelity, and NVIDIA, and was structured to provide existing shareholders with partial liquidity on their holdings without requiring a primary capital raise or a public listing.
The transaction allowed employees to sell up to approximately 20% of their vested shares through the secondary process — a mechanism that has become a standard feature of liquidity management at high-growth private technology companies. By providing a route to partial liquidity for staff shareholders, the structure allows Revolut to retain talent over longer vesting cycles without requiring individuals to wait for a public offering before accessing the value of their equity. Revolut confirmed the completion in a press release published on its corporate website on 24 November 2025.
VALUATION REFLECTS STRONG REVENUE TRAJECTORY
The USD 75 billion headline valuation is grounded in Revolut's reported business performance. The company is on course to generate in excess of USD 6 billion in revenue in 2025, a level that places it among the most commercially significant fintech companies in the world by top-line scale. Revolut also reports a global customer base of more than 65 million retail customers, giving the business the breadth of user engagement that underpins its revenue growth across payments, foreign exchange, trading, and subscription products.
The valuation step-up from USD 45 billion in May 2025 to USD 75 billion in November 2025 — a 67% increase over roughly six months — reflects both accelerating revenue growth and sustained institutional appetite for exposure to scaled consumer fintech platforms. The participation of NVIDIA alongside more traditional financial-sector investors such as Fidelity and Coatue is notable; it may indicate interest in the data infrastructure and potential artificial-intelligence applications being developed within Revolut's technology stack, as well as in the financial performance of the core consumer business.
REVOLUT'S GLOBAL REGULATORY AND EXPANSION AGENDA
Revolut operates across dozens of jurisdictions and has been systematically pursuing banking licences in markets where it currently holds more limited regulatory authorisations. The company received its UK banking licence in 2024, a significant milestone that enables it to offer a fuller range of regulated financial products — including deposit protection — to its large UK customer base. The receipt of the UK licence followed a protracted application process and removed one of the more prominent structural uncertainties that had previously weighed on investor assessments of the business.
The November 2025 secondary sale does not raise primary capital for Revolut's operations, but it provides a market-referenced valuation that will inform any future primary fundraising or initial public offering. The company has not indicated a specific timetable for a public listing, and the secondary mechanism continues to serve in the interim as the primary route through which shareholders access pricing for their stakes. With revenue growth on a strong trajectory and the banking licence in place in its home market, Revolut enters 2026 as one of the most closely watched potential IPO candidates in the European technology sector.