British neobank Revolut is reportedly aiming for a substantial increase in its valuation ahead of its planned public listing. According to the Financial Times, the fintech firm is targeting a market capitalisation of between $150 billion and $200 billion for its initial public offering (IPO), as indicated by anonymous sources familiar with the discussions.
Recently, Revolut, which gained its full banking licence in the UK in March after a lengthy wait, was valued at $75 billion—up from $45 billion in 2024—following a secondary share sale that positioned it among Europe’s top private tech enterprises.
Co-founder and CEO Nik Storonsky noted last week that the company’s IPO is projected to be at least two years away, according to Bloomberg. Further plans include another secondary share sale in the latter half of 2026, potentially valuing the company at over $100 billion, as per reports from Pitchbook and the Financial Times.
As of November 2025, Revolut had raised approximately $5.89 billion, reflecting its growth trajectory. The company reported revenue of $6 billion for the financial year ending December 31, 2025, a notable increase from $4 billion in 2024, while its net profit rose to $1.7 billion from $1 billion the previous year. By the end of 2025, Revolut boasted 68.3 million retail customers.
Founded in 2015, Revolut provides a diverse array of services, including multi-currency accounts, payment and transfer services, cryptocurrency products, and insurance. The neobank has aggressively invested in international expansion and has recently applied for a banking licence in the United States.
In addition to its operations in the UK, Revolut holds a banking licence in the European Union and operates in countries such as Australia, Japan, New Zealand, Singapore, Brazil, and the US. The firm launched its services in India in October and is set to commence operations in Colombia this year, alongside having secured a banking licence in Mexico.
Revolut’s rapid growth and ambitious plans highlight its intent to solidify its position as a leading player in the fintech sector while appealing to a broader global market. However, the company has declined to comment further on its future plans.
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